Eligibility For Home Refinance Program Is Expanded

chicagotribune.com - Business, Chicago Tribune: Business
Wed, 07/01/2009 - 10:00pm

The Obama administration eases rules, lifting the maximum loan-to-value ratio to 125%, in an attempt to make refinancing available to more people whose homes are worth less than their mortgages. The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125% from 105%.

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