Obama's Mortgage Refinancing Program Extended By 2 Years

Law360, New York (April 11, 2013, 4:54 PM EDT) -- The Federal Housing Finance Agency on Thursday extended the life of a popular Obama administration program that has already helped more than 2 million homeowners refinance their mortgages by an additional two years.

The FHFA, the conservator for the failed mortgage giants Fannie Mae and Freddie Mac, said that the Home Affordable Refinance Program would be available to borrowers who have fallen behind on mortgage payments until Dec. 31, 2015. It was set to expire at the end of this year.

“We are extending the program...
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