Register Real Estate Advisors » Federal Housing Finance Agency http://rrea.com Specializing in Houston and Northern Suburbs - The Woodlands, Spring, Tomball, Cypress, and Houston, Texas Wed, 23 May 2012 17:57:02 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Government Refinancing Program Extended http://rrea.com/news/government-refinancing-program-extended/ http://rrea.com/news/government-refinancing-program-extended/#comments Wed, 03 Mar 2010 03:28:16 +0000 Shannon Register, Broker/Owner http://rrea.com/?p=3255 WASHINGTON, D.C. (Associated Press) – Homeowners have received another year to refinance their loans under the Home Affordable Refinance Program, the Federal Housing Finance Agency announced yesterday.
The program, which was originally scheduled to end June 10 but now expires June 30, 2011, allows borrowers who owe up to 25 percent more than their homes are worth to refinance at lower interest rates.
The Treasury Department reports that, so far, the program has helped about 220,000 homeowners with loans owned or guaranteed by Fannie Mae and Freddie Mac, far less than the projected four to five million.

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