nakedempire


The American Empire in a Changing World



Pages

Tuesday, October 25, 2011

Bruce Krasting 'On the (not so) Mega ReFi'

from brucekrasting.blogspot..........

"Finally some details on a plan that has been whispered about for six weeks now. Actually, the information available begs some questions. Some thoughts on what was released from the FHFA yesterday:

- I’ve said from the start that the fatal flaw in the Refi program is that it only includes those who happen to have their mortgage held by Fannie and Freddie. About 40% of the mortgages that would otherwise qualify for a new deal are getting nothing. 

This is the telephone number to determine if you are eligible: 800-7FANNIE. Four out of ten who call will be told to buzz off. The reason is that they got a mortgage from a Community Bank"...........READ MORE

No comments:

Post a Comment