Fannie Gears Up for High-LTV Refinance Loans, Growing Government-Backed Securitization
September 25, 2009
Fannie Mae next week will open a new mortgage-securities program that will be backed by refinance mortgages with loan-to-value ratios as high as 125 percent in an effort to generate more activity in an Obama administration program designed to help performing underwater borrowers. Both Fannie Mae and Freddie Mac announced in July that they would expand their Home Affordable...