The House of Representatives will begin overhauling the Hope for Homeowners Program the first week of February.

 

This program was launched in the Summer of 2008 and was meant to help approximately 400k homeowenrs refinance. To date, however, the program has only received 450 applications with 25 closed loans. A poor testament to the program’s efficacy. 

 

The House will attempt to overhaul the Program so that it is more affordable for more lenders participate in it.