The federal government is set to launch a revised Home Affordable Refinance Program in mid March. This program expands the opportunities for homeowners who are underwater to refinance their homes, if they meet detailed eligibility requirements. The revised program comes with streamlined underwriting: no requirements for physicial appraisals in many cases, speedy processing, and the elimination of many expensive fees that have been previously imposed by Freddie Mac and Fannie Mae. For more information about the process and to determine eligibility go to the following websites: www.freddiemac.com and www.fanniemae.com