Skip navigation.
Sun Mar 21 01:16:31 2010 [Write for us] | [Login/Register]
Home

Investors and sellers

by Morgan Housel - July 2, 2009 - 1 comments

The Obama administration relaxed the requirements for government-backed mortgage modifications yesterday. The program, a $75 billion assistance plan announced earlier this year, originally allowed homeowners with loan-to-value ratios up to 105% qualify for refinancing, provided the loan is backed by Fannie Mae (NYSE: FNM) or Freddie Mac (NYSE: FRE). That limit has now been upped to 125%.

Recent comments

User login

Latest Classified Ad