Consumers don’t change things. Citizens change things.
|By: David Dayen Monday October 24, 2011 7:45 am|
The White House will announce that millions more underwater homeowners can take advantage of a refinancing program if their loan is owned or guaranteed by Fannie Mae or Freddie Mac. This is a plan the President announced as part of his American Jobs Act speech It will open up the Home Affordable Refinancing Program to everyone who’s current on their loan, regardless of how far underwater they are.