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Originally Posted by jdett  I have been doing some reading on the internet about the Making Home Affordable (Obama) Program. First, the 105% refi has been extened to 125%. good news!! I have also been reading that you can also get a loan mod to a 2% interest rate. Both of these programs require that you have a freddie or fannie loan now and of coarse a hardship -- rate going up , loss of income...... 
Anyone have anymore on this or have obtained one of these loans? |
Only the refi (HARP) program requires Fannie or Freddie, the modification program (HAMP) can be for any participating servicer. Note that regardless, if Fannie or Freddie owns the loan, whoever the servicer is, they are required to participate for those loans for HAMP. There are loads of stories on here of people currently in the HAMP trial as well as tons of information on the programs (at least HAMP anyway).