Feds launch 'Home Affordable' site

Borrowers can check eligibility for a loan mod, refi

A new government Web site includes online tools that can help troubled borrowers determine whether they are eligible to participate in the "Making Home Affordable" loan modification and refinancing program.

The site, MakingHomeAffordable.gov, is intended to help communicate how the program works and who is eligible — elements "critical to the program’s success," Housing Secretary Sean Donovan said in a press release.