Industry NewsMortgage

Michigan housing authority to refinance ARM loans

Qualifying borrowers can't earn more than $108,000 a year
Published on Apr 2, 2008

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by CareyBot

A new program will allow Michigan’s Housing Development Authority to help homeowners with adjustable-rate mortgage (ARM) loans refinance into more affordable, 30-year fixed-rate loans if they make less than $108,000 a year and paid no more than $224,500 for their ...