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FHFA Promotes President Obama’s Housing Program In Detroit

Seeking Alpha, By David Sims

Today, at the Detroit Public Library, FHFA Director Mel Watt held a town hall meeting to promote the Home Affordable Refinance Program (HARP). FHFA is engaged in a campaign to push borrowers through the HARP program and lower interest rates for responsible homeowners all over the country. FHFA estimates nearly 28,000 borrowers in the Detroit area are eligible for HARP.

In Director Watt’s words, “800,000 more people would benefit from the HARP program if they would just step forward.” And “the HARP program is designed to reward those people that are the most committed borrowers in this country.”

Read full article: FHFA Promotes President Obama’s Housing Program In Detroit