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- Launched on March 19, 2009
- Only loans by Fannie Mae and Freddie Mac are eligible for the programsOfficial Site: Making Home Affordable http://www.realtor.org/government_affair...
- Provides information on Barack Obama's mortgage plan
- Website assists homeowners by providing resources necessary to work out mortgage modifications or refinancing loans through the Making Home Affordable and Home Affordable Modification planOfficial Site: Making Home Affordable
- Website is a project of the U.S. Department of Treasury http://makinghomeaffordable.gov/index.ht...
- To determine if you qualify, you must answer a few questions on the website
- Website has a "look up you loan" feature
- Provides information on how to find a free HUD approved counselorCentral Valley Business Times: Distressed homeowners now have a federal website (March 19, 2009)
- Includes a calculator that allows homeowners to calculate their mortgage payments to see how much of a reduction could be available under the planCentral Valley Business Times: Distressed homeowners now have a federal website (March 19, 2009)
- Provides a checklist of documents needed before calling the mortgage lender or serverCentral Valley Business Times: Distressed homeowners now have a federal website (March 19, 2009)
- Hotline number: (888) 995-4673 http://makinghomeaffordable.gov/index.ht...
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MakingHomeAffordable.gov is a government website that helps homeowners determine if they are eligible for assistance to reduce their monthly mortgage payments under President Barack Obama's mortgage plan. Only loans through Fannie Mae and Freddie Mac are eligible for lowered mortgage interest rates through the Home Affordable Refinancing and Home Affordable Modification plans.
On May 18, 2009, Yahoo, MSN, AltaVista and AlltheWeb were named in a temporary restraining order awarded to the Federal Trade Commission against search engine websites in which "consumers were directed to loan modification programs that charged for service."Cleveland.com: Deceptive online mortgage ads prompt FTC order for search engines to reveal companies (June 9, 2009)
Lawsuit
On May 18, 2009, the U.S. District Court for the District of Columbia compelled several "Internet search engines to turn over the names and contact information of anyone who purchased a sponsored link, or paid ad, with phony hyperlinks to the "MakingHomeAffordable.gov" Web site."Cleveland.com: Deceptive online mortgage ads prompt FTC order for search engines to reveal companies (June 9, 2009)According to a lawsuit filed by the Federal Trade Commission, consumers may have been directed to fee-based loan services instead of the website for the federal government's free mortgage assistance program. Internet search engines typically feature sponsored ads at the top of their search results, which may confuse novice online users.
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RT @HomeSmartLoveAz Useful website. Making Home Affordable Program Website: www.makinghomeaffordable.gov #AZHomeSmart
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Useful website. Making Home Affordable Program Website: www.makinghomeaffordable.gov
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Help for Homeowners – Understanding the Making Home Affordable Program http://makinghomeaffordable.gov/loan_lookup.html
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RT @SuzeOrmanShow: @LuvNLana go to makinghomeaffordable.gov~ I love that she actually responded!!! @ShannOOO
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