(AFX UK Focus) 2009-07-01 18:14 UPDATE 1-US mortgage agencies expand refinance plan-official (Interactive Investor)
Wednesday, July 1, 2009
WASHINGTON, July 1 (Reuters) - Mortgage finance companies Fannie Mae and Freddie Mac will expand their efforts to prevent foreclosures, and refinance borrowers whose loan-to-value ratio is as high as 125 percent, an administration official said on Wednesday. Under current rules, the mortgage finance companies may only refinance borrowers whose mortgage loan-to-value ratio is no greater than 105 ...
View all Mortgages news
