Our Role in Making Home Affordable
Freddie Mac has implemented several initiatives in support of President Obama's Making Home Affordable Program (MHA) designed to help keep millions of families in their homes. Two of them are:
- Home Affordable Refinance Program (HARP®) Mortgage: a simplified refinance offering to help borrowers who are making timely mortgage payments refinance into mortgages that better position them for long-term homeownership success.
- The Home Affordable Modification Program (HAMP®): designed to help borrowers who are facing foreclosure, are delinquent on their mortgage payments or are current on their mortgage payments but in imminent danger of default, modify their existing mortgage into a more sustainable long-term payment option.