WASHINGTON (Reuters) - Fannie Mae and Freddie Mac will expand their foreclosure-prevention efforts and refinance homeowners whose loan-to-value ratio is 125 percent, an administration source said on Wednesday.
Reuters: Business News, Reuters: Business
Wed, 07/01/2009 - 9:38am
WASHINGTON (Reuters) - Fannie Mae and Freddie Mac will expand their foreclosure-prevention efforts and refinance homeowners whose loan-to-value ratio is 125 percent, an administration source said on Wednesday.