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GSE Refi Programs May Expand LTV Reach; Fannie, Freddie Loan Mods Jump in 1Q09
Fannie Mae and Freddie Mac might gain expanded authority under the Obama administration’s Home Affordable Refinance Program to approve mortgages with loan-to-value ratios as high as 125 percent, according to the regulator of the two government-sponsored enterprises. Federal Housing Finance Agency Director James Lockhart said late last week that the GSEs’ overseers are “actively...
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