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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Assisting Underwater Borrowers



The President was in Nevada and announced a possible plan that would assist underwater borrowers.  The President is looking to loosen some of the guidelines with the Home Affordability Refinance Program, also know has HARP.  President Obama rolled out the HARP program back in 2009.   The goal of the plan is to help underwater borrowers avoid foreclosure by expanding the HARP Program.  The original program was supposed to help 5 million homeowners. As of August 2011 it has only assisted 894,000.