The Obama Administration has a modified refinancing program. It will allow loans up to 125 percent of a home's value. But will that be enough to rescue Las Vegas homeowners who are often upside down in their mortgages by 50 percent or more. We talk with the local head of the US Department of Housing and Urban Development, Ken Lobene to find out.
Links
- Hope@Home: Facing the Mortgage Crisis
- Las Vegas Field Office, US Dept. of Housing and Urban Development
- The news on HUD's site
- Making Home Affordable refinance program