Federal housing chief pitches mortgage relief program (Crain's Chicago Business)

Federal Housing Finance Agency Director Mel Watt appeared today at the Woodson Regional Library in Washington Heights to raise awareness of the Home Affordable Refinance Program, which has lowered borrowing costs for about 184,000 homeowners in the Chicago area since its 2009 inception. But nearly 36,000 Chicagoans eligible for HARP refinancing have yet to use the program, Mr. Watt said.

“This is just free money when you think about it,” he said.

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