The Home Affordable Refinance Program (HARP) helped nearly 900, 000 homeowners well short of its initial goal of 4 to 5 million.

FORBES: The Schumer-Lee Housing Proposal Comes Up Short As Stimulus

In December, the federal government rolled out a revamped version of the Home Affordable Refinance Program with relaxed home-equity requirements, to allow more borrowers to refinance.

WSJ: Refinancing Deals Get Sweeter

The company currently allows its borrowers who are underwater or who have less than 20% equity to refinance with reduced documentation and fees under the Home Affordable Refinance Program.

WSJ: Data Show Fannie, Freddie Savings From Debt Forgiveness