Morning Minute: FHFA looking for underwater Chicago homeowners for refinance program

Nearly 60,000 Chicago area homeowners who are underwater on their mortgages could be eligible to refinance to a more affordable rate through the Federal Housing Finance Agency’s (FHFA) Home Affordable Refinance Program, the Chicago Tribune reports.

FHFA is trying to get more eligible homeowners with Fannie Mae and Freddie Mac mortgages to participate by stepping up its efforts with a new public service campaign, the newspaper reports. Read the full article, “60,000 underwater borrowers in Chicago eligible for program,” for details.

In other headlines:

Gold rush is on in home decor – Chicago Tribune

Foreclosures decline, same areas still struggling – Columbia Chronicle

Some first-time buyers return, others remain shy – Northwest Herald

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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