Federal agency seeks underwater borrowers for HARP program

``The government-backed refinancing program, unlike a companion program called the Home Affordable Modification Program, has not been as heavily marketed by the government, lenders, community groups and housing counselors because it is not for financially struggling borrowers at risk of losing their properties to foreclosure. Instead, HARP seeks to help frustrated homeowners stuck with higher interest rate mortgages who are unable to refinance because they have little or no equity in the properties as a result of declining home values.''