Originally announced in January during his State of the Union address, the plan would allow homeowners with private underwater mortgages to refinance under the same conditions�allotted�to borrowers with government-backed loans, who were covered by programs such as the Home Affordable Refinance Program, or HARP.
Under that methodology, the President has claimed that homeowners would save, on average, $3,000 a year on their mortgage payments, and according to the Wall ...
Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/PvgDJYBvCe4/
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