Banks Could Take $4.5B Hit on Obama Refis

The government’s effort to streamline its refinancing program for mortgage borrowers who owe more than their homes are worth will amount to a wealth transfer from investors. But which investors? And how much of a transfer?

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_471/banks-obama-refis-1027367-1.html

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