Banker Writes On Mortgage Bailout

February 24th, 2009 categories: Rants & Riffs

This interesting letter was posted at Hugh Hewitt’s blog.

“The refinance plan applies only to those whose loan is owned or securitized by Fannie or Freddie. This part actually will work. What this part really does is reduce underwriting criteria at Fannie and Freddie. It enables homeowners whose loan-to-value ratio would be over 80% to qualify to refinance.”
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