By: Reuters | 18 Mar 2009 | 01:29 PM ET
Fannie Mae the government-controlled home funding company, on Wednesday said its February refinancing volume nearly tripled from January to more than $41 billion.
February's refinancing volume was the company's highest in almost a year.
This activity is expected to increase further under Obama's 'Making Home Affordable' plan and new broader refinancing programs from Fannie Mae and its counterpart Freddie Mac.
"Providing broader access to affordable, sustainable mortgages through expanded refinancing opportunities is a critical part of preventing future foreclosures and hastening recovery," Tom Lund, executive vice president of single-family mortgage business at Fannie Mae, said in a statement.
Read more...
O'Reilly Blasts Barney Frank On Fannie Mae Mess!!
From: http://www.youtube.com/watch?v=RAuOEdttjZQ
Cheers
Marc
Fannie Mae the government-controlled home funding company, on Wednesday said its February refinancing volume nearly tripled from January to more than $41 billion.
February's refinancing volume was the company's highest in almost a year.
This activity is expected to increase further under Obama's 'Making Home Affordable' plan and new broader refinancing programs from Fannie Mae and its counterpart Freddie Mac.
"Providing broader access to affordable, sustainable mortgages through expanded refinancing opportunities is a critical part of preventing future foreclosures and hastening recovery," Tom Lund, executive vice president of single-family mortgage business at Fannie Mae, said in a statement.
Read more...
O'Reilly Blasts Barney Frank On Fannie Mae Mess!!
From: http://www.youtube.com/watch?v=RAuOEdttjZQ
Cheers
Marc