Volume 2012 - Number 3
February 3, 2012
Obamas Non-Agency Refi Proposal Divisive
A new proposal by the Obama administration to refinance non-agency mortgages with negative equity could have a major impact on the non-agency market, though approval by Congress appears unlikely. Borrowers with standard non-GSE loans will have access to refinancing through a new program run through the FHA, the Obama administration said in a fact sheet released this week. For responsible borrowers, there will be no more barriers and no more excuses. The program would require that borrowers ...
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