Private MIs Work Out Some of the Details to Extend Coverage for GSE Streamline Refis
April 23, 2009
Private mortgage insurers have ironed out some of the details for the unprecedented streamlined refinance program being rolled out by Fannie Mae and Freddie Mac even though it requires the MIs to extend coverage in situations where they would normally raise their prices.The refinance component of the Obama administration housing rescue plan calls on the government-sponsored enterprises to refinance...