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President Obama's homeowner mortgage reduction plan offers assistance but has strict eligibility criteria, including being a borrower with loans through Fannie Mae or Freddie Mac and maintaining a debt ratio no higher than 31%. The optional nature of the program and the possibility of secondary lenders not agreeing to subordinate debt further limit accessibility for many struggling homeowners. As an alternative, homeowners are advised to seek licensed mortgage brokers for negotiation help to avoid foreclosure.










