Government mulls expanding mortgage refinance program

Government mulls expanding mortgage refinance program

The federal government is looking at how it could help a greater number of homeowners who owe more than their house is worth refinance at today’s historically low rates.

The Federal Housing Finance Agency said Friday that it has been reviewing a program launched two years ago to see if it could be expanded so more homeowners could qualify. The announcement was made in a statement released a day after President Barack Obama mentioned the idea in a speech to Congress.

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