Obama Housing Plan Could Benefit About $1 Trillion of Existing Production
February 26, 2009
About $1 trillion of existing agency mortgage loan production may be positively affected by the Homeowner Affordability and Stability Plan, roughly four to five million homeowners, according to analysts at Barclays Capital. A major component of the plan calls for Fannie Mae and Freddie Mac to begin refinancing mortgages at current market rates for loans with loan-to-value ratios anywhere from 80 percent...