Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act was signed by President Obama on May 20, 2009. This will make it easier and more affordable for homeowners to refinance. These loans are available on your primary residence with a loan-to-value ratio of 70% and a FICO score above 720. President Obama encourages homeowners to refiance to a more affordable mortgage. To learn more click on this website http://makinghomeaffordable.gov/about.html