The phrase "a refinancing program" is correct and usable in written English.
You can use it when discussing financial strategies or initiatives aimed at restructuring existing debt or loans.
Example: "The government has introduced a refinancing program to help homeowners reduce their mortgage payments."
Alternatives: "debt restructuring initiative" or "loan modification plan."
A few days earlier, however, government regulators extended a refinancing program for homeowners whose properties had plunged in value.
In 2009, when the Obama Administration launched a refinancing program, it predicted that between three and four million people would get some relief, but so far fewer than one million mortgages have been modified.
Among those initiatives are $3 billion to keep the unemployed from losing their homes and a refinancing program that will try to cut the mortgage balances of owners who owe more than their property is worth.
The result can be seen in the stream of reports of colossal foreclosure mistakes: multiple banks foreclosing on the same borrower; banks trying to seize the homes of people who never had a mortgage or who had already entered into a refinancing program.
WASHINGTON — With sinking home values continuing to drag down the economy, Congress is poised to approve a huge package of housing legislation, including a refinancing program aimed at rescuing hundreds of thousands of homeowners in danger of foreclosure and the most sweeping government overhaul of mortgage financing since the New Deal.
Together with a refinancing program, the plan would prevent "the worst consequences of said crisis from wreaking even greater havoc on the economy," the new president said.
While embracing the insurance provisions, the White House rejected Franks call for a "Refinance Program Oversight Board" to refinance bundles of newly-insured FHA loans, potentially by auction.
"I think this is really out of the Fed's purview," Dudley said in response to a question about a potential refinancing program led by the Fed.
A mass refinancing program would work like a potent tax cut.
Word that the RJR Holdings Corporation has begun a $6.9 billion refinancing program for RJR Nabisco served as a long-awaited tonic to the market for high-yield "junk bonds" yesterday, and prices of most issues posted strong gains in heavy trading.
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.
