News Sources wrote an interesting post today on
Here’s a quick excerpt
The Obama refinance plan is being expanded to help people who owe up to 25 percent more than what their homes are worth, up from the original 5 percent limit, the U.S. Department of Housing and Urban Development announced today. For example, this means someone whose property is worth $400,000 must owe no more than $500,000 to be eligible for the refinance plan. Under the original 5 percent limit on the same house, the mortgage owed had to $420,000 or less.The Making Home Affordable refinance pla

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