Banks are not doing refiancing on homes not backed by Fannie or Freddie.Are there any programs coming in the future that will address this issue? They are also not refinancing if you are under water in your mortgage, which accounts for more than 1/2 the country.January 21 2011 - Sparks0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.