Maximum LTV for Obama Administration’s Refi Program Increases to 125 Percent
Jul 9th, 2009 | By Gregory Arzumanov | Category: Financial NewsOn July 1, 2009, Federal House Finance Agency (FHFA) Director James Lockhart joined Treasury Secretary Timothy Geithner and HUD Secretary Shaun Donovan in announcing a major expansion of the Obama Administration’s Home Affordable Refinance Program for Fannie Mae and Freddie Mac loans. The change will allow current borrowers with loan-to-value (LTV) [...]