The Obama administration’s refinancing programs are reaching more GSE and Federal Housing Administration (FHA) borrowers, allowing these troubled mortgagors to take advantage of historically low mortgage rates, according to a new U.S. Department of Housing and Urban Development (HUD)/Treasury Department report.

Enhancements to the Home Affordable Refinancing Program (HARP) rolled out in February and March allowed almost 500,000 GSE borrowers to refinance their high LTV loans, according to HUD acting assistant secretary Erika Poethig.

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