I am still going through my resources to get the entire mortgage bailout package expansion.? For now, please check out this link as it explains a good deal of what you will want to know.? Basically, President Obama has expanded the Making Home Affordable Refinance Program to allow those who have up to 25% negative equity in their home a chance to refinance.? Prior to today, only a 105% loan-to-value was allowed to apply for a refinance.? Remember, this is only for mortgages that are backed by Fannie and Freddie.? Much more to come on this…….