Government Refis Could Increase Cost of Credit

The New York Times is reporting that the government is seriously contemplating a broad-based refinancing of mortgages guaranteed by the two GSEs, Fannie Mae and Freddie Mac, in an effort to reduce payments by those borrowers who currently cannot refinance either due to negative equity in their homes or due to their own credit constraints.

Article source: http://www.nationalmortgagenews.com/nmn_features/government-refis-cost-credit-1026690-1.html?CMP=OTC-RSS

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