Real estate blog entries tagged with refinancing by Eric Martell, Ph.D. (RE/MAX Properties SW, Inc.)

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Home : Blogs : Eric Martell, Ph.D. : We're all in this together : Tag "refinancing"

refinancing: My World: Why can't you refinance your high interest rate loan? - 01/30/12 09:39 PM

Got a high interest rate mortgage and want to refinance? Too bad! Fannie and Freddie stand to profit if you can't.
Based on some dynamite investigative reporting by Propublica and NPR, it now is public knowledge that many people who are locked in with higher than market interest rate mortgages are being told they can't refinance by publicly owned companies Fannie Mae and Freddie Mac. The really ironic part of this commonplace event is that both agencies have effectively bet against the homeowners by purchasing investment instruments which pay off when homeowners remain locked into high interest rate mortgages.
While not … (2 comments)

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Eric Martell, Ph.D.

Orlando, FL

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RE/MAX Properties SW, Inc.

Address: 6985 Wallace Road, Orlando, FL, 32819

Office Phone: (407) 352-5800 x 618

Cell Phone: (407) 947-3617

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