Friday, Jun 19, 2009

Coming soon to a bank near you

Bloomberg: Obama’s Mortgage Refinancing Program May Be Expanded

June 19 (Bloomberg) -- Fannie Mae and Freddie Mac may get permission to begin refinancing mortgages with loan-to-value ratios above 105 percent as the Obama administration seeks to boost participation in its anti-foreclosure programs.

Posted by devo @ 07:30 PM (379 views) Add Comment

1 Comment

1. Clockslinger said...

Can we continue to subsidise excessive consumption and flirt with hyperinflation by reinflating the housing bubble whatever the cost?
YES WE CAN! YES WE CAN! YES WE CAN!

Saturday, June 20, 2009 11:32AM Report Comment
 

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