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New Refinancing Opportunities for Homeowners in Hard Hit Markets

The Obama Administration announced the availability of loan-to-value (LTV) ratios up to 125 percent for Freddie Mac's Relief Refinance Mortgages^SM under the Making Home Affordable program. The increase is expected to put affordable refinancing opportunities within reach of homeowners who have suffered the effects of local home price erosion.

Freddie Mac Supports Housing Recovery

Freddie Mac is working to support the housing market by providing essential liquidity and helping to stem the current foreclosure crisis. We helped finance more than half a million single-family homes and over 70,000 units of rental housing in first quarter 2009. In 2008, we helped more than 88,000 borrowers facing financial hardship avoid foreclosure, and 40,000 more in the first quarter.