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Volume 27 - Number 5

February 4, 2010

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GSE Refinance Program Continues Modest Gains In Late 2009, But High LTV Option Little Used

More borrowers were able to refinance through Fannie Mae and Freddie Mac programs targeted to equity-strapped homeowners in late 2009, adding more flavor to what proved to be an unusual year in mortgage refi activity. According to data from the Federal Housing Finance Agency, some 34,458 borrowers used the Home Affordable Refinance Program to get a new loan through Fannie and... [Includes one chart]

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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