Today, the President traveled to Las Vegas to highlight a set of steps announced by the FHFA to make it easier for some homeowners to refinance their mortgages. This will help responsible borrowers with little or no equity in their homes take advantage of today’s low mortgage rates.
Over the past several months, the Obama Administration has worked with federal housing agencies, industry stakeholders and state and local governments to push forward several important executive actions to help stabilize the housing market and help struggling borrowers:
Helping Responsible Homeowners Afford Mortgages
Helping Prevent Foreclosures and Keep Families in Their Homes
Reducing Housing Inventory to Increase Home Values, Improve Economy
Helping Hardest Hit States
Increasing Transparency and Accountability