the Fannie and Freddie refi plan ... would now be expanded to negative 25 percent equity... [Y]our loan can be a full 25 percent more than the current value of your home, and Fannie and Freddie will gladly buy and/or back your new refi.SOURCE: CNBC
Wednesday, July 1, 2009
25% underwater? No problem!
HUD Secretary Shaun Donovan announced today that:
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