TITLE

GSEs Are Key to U.S. Plan

AUTHOR(S)
Collins, Brian
PUB. DATE
February 2009
SOURCE
National Mortgage News;2/23/2009, Vol. 33 Issue 21, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Homeowners Affordability and Stability Plan (HASP) initiated by the White House, Treasury and Federal Reserve in an effort to save up to 9 million troubled mortgagors. With the plan, the government will be able to double financial commitment to Fannie Mae and Freddie Mac in exchange for lower mortgage interest among borrowers. The scheme would also allow servicers to reduce mortgage payment interest rates with the government shouldering a share from the reduction cost.
ACCESSION #
36806362

 

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