Provide home loan refianance reform for all responsible home owners.
Why is this important?
My home is underwater, I would like to refinance my home but can't because I do not qualify because I do not have a Fannie Mae or Fredie Mac Loan. I lost my job 3 job after 20 years of employment, was unemployed for almost a year. My husband had neck surgery last year and was on unemployment. I attempted to get a loan modification and my lender said that loss of job and disability were not hardships. I would like to refinance my home to get my interest rate a little lower so that I can recover from the financial hardship that loosing my job and my husband's injury caused us. I would like Congress to pass some kind of loan Refianance like the Making Home Affordable program for people wiht private loans.
