The U.S. Department of Housing and Urban Development released information on the new HOPE for Homeowners program yesterday. Under this program, eligible homeowners facing foreclosure are provided an opportunity to refinance their mortgage if they can afford a loan insured by the Federal Housing Administration (FHA). HOPE for Homeowners plans to run until September, 2011.
Access information about the HOPE for Homeowners program here.
Read an article published earlier today by the Washington Post about this program.