We offer multiple government refinance loans to borrowers with all types of credit. The U.S. government has been involved in home financing since the FHA was founded in 1934. Since then, Fannie Mae and Freddie Mac were created to help facilitate the securitizing of mortgage backed securities. After the housing bubble burst, the government refinance programs have helped many homeowners avoid foreclosure. Fannie Mae, Freddie Mac and the Federal Housing Administration support nearly 90% of all home mortgages originated in the united States.
Government refinancing has been a secure and affordable option for millions of homeowners who have been unable to qualify for a conforming loan because of credit or lack of equity. Government mortgage opportunities continue to rise and the housing crisis deepens.
FHFA does not allow write-downs because reducing principal would lower the value of both Fannie Mae and Freddie Mac's assets. However, the Federal Housing Administration and some private mortgage lenders have rolled out programs to encourage mortgage reduction efforts