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The government will launch a refinance program this month that targets homeowners who are underwater on their mortgage but have not missed a monthly payment.

Commerzbank AG and UniCredit SpA are leading 8.5 billion euros ($10.8 billion) of bank bond sales today, the most in five weeks, as lenders rush to refinance almost a quarter-trillion euros of debt due this year.

Here are some answers to the most frequently asked questions about the FHA's 'Short Refinance' program.

Mortgage broker: Kevin Casey, Guarantee Mortgage, Opera Plaza Property type: A one-bedroom condo in SoMa's Infinity development Appraised value: $600,000 Borrowing amount: $417,000 Loan type: 30-year fixed Rate:... Refinancing - Mortgage - Business - Financial Services - Appraised value

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