If you think you can refinance and are facing foreclosure due to your negative equity in your home, think again, there might be hope just yet.  There is a government sponsored program called Making Homes Affordable that was set up to help struggling Fannie Mae and Freddie Mac. In order to help those who had a negative equity position in their home the program changed the guidelines to allow for mortgage refinances. If you didn't know, Fannie Mae and Freddie Mac were struggling. The real … [Read more...]