MBS RECAP: 10/6/2011

At the Senate Banking Committee Hearing on Thursday, Treasury Secretary Timothy Geithner said he expects a U.S. housing regulator to detail mortgage refinance programs that could help the battered housing market in the coming weeks.

“My sense is, based on what I’ve seen…it’s going to be meaningful enough to make a difference.” Geithner said.

“They are looking at a range of things and you’ll see more details in a couple of weeks.”

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/231797.aspx

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