is this another banker bailout?????...............From Housing Wire
''The Obama administration will renew efforts to pass a wider refinance plan for more underwater homeowners when Congress reconvenes in September.
"The housing market is beginning to pick back up. But there are a lot of people underwater," Obama said during a press conference Monday.
Senate Democrats introduced three possible bills.
Sens. Robert Menendez, D-N.J., and Barbara Boxer, D-Calif., would expand the Home Affordable Refinance Program again for Fannie Mae and Freddie Mac borrowers. Some Republicans were on board with eliminating repurchase risk for new servicers who refinanced the old loan. The bill would also remove all appraisal requirements for any loans that still require it.''
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