Obama Administration to Launch National Outreach Campaign
in Support of Making Home Affordable Programmakinghomeaffordable.gov reports.
Making Home Affordable, a comprehensive plan to stabilize the U.S. housing market, was first announced by the Administration on February 18. The three part program includes aggressive measures to support low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac; a Home Affordable Refinance Program to provide new access to refinancing for up to 4 to 5 million homeowners; and a Home Affordable Modification Program to reduce monthly mortgage payments for up to 3 to 4 million at-risk homeowners. In just a few months, more than 200,000 borrowers have received offers for trial loan modifications, tens of thousands of refinances and trial modifications are under way, and informational mailings about the program have been sent to more than one million borrowers who may be eligible.
Other cities on the tour include Los Angeles, Sacramento, Las Vegas, Phoenix, Boston, and several more with the possibility of expanding the tour to other areas that have been hit hard by foreclosure in the coming months. Specific dates and events in these markets will be made available in the weeks ahead.







