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Ask an Expert: Why Am I Locked Out Of Refinancing Just Because My Mortgage Isn't Backed By A GSE?

Housing Secretary Shaun Donovan answers another one of your questions.

Tomorrow, Secretary of Housing and Urban Development Shaun Donovan will sit down for a discussion with homeowners from across the country about President Obama's refinancing plan.

We're helping to kick off the conversation with a series of videos in which the Housing Secretary answers some of the most popular questions we've received about the plan.

Today, he tells us how the President's plan will help people whose mortgages are backed by someone other than Fannie Mae, Freddie Mac, or the FHA.

Check it out and be sure to tune in Thursday at 3:15 PM ET

Watch Shaun Donovan, U.S. Secretary for Housing and Urban Development, answer questions here.

Learn more

  • Secretary Donovan discusses how the government is helping homeowners who owe more than the value of their mortgages.
  • Secretary Donovan discusses how President Obama's refinancing plan will help the economy at large.