new loan program: From the "You're Not Going to Believe This?" Department - 10/01/10 03:42 AM
The next chapter in our government's surreal efforts to redo (fix) the mortgage industry has just been written; there is a new home loan refinance bill that has just been introduced by U.S. Rep. Dennis Cardozo (D - CA). The bill (HR 6218) is titled The Housing Opportunity and Mortgage Equity (HOME) Act --- maybe it should be called; The ReFi's for Everybody Act! The bill would make all loans backed by US Government Agencies (FannieMae, FreddieMac, FHA and VA) subject to be refinanced into new 30 Year Fixed Rate Loans at prevailing market rates (currently around 4.250%) on the basis … (3 comments)

 
Thomas J. Murphy (Fairway Independent Mortgage Corp.)

Thomas J. Murphy

Fredericksburg, VA

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Fairway Independent Mortgage Corp.

Address: 507 Mt. Pleasant Drive, Locust Grove, VA, 22508

Office: (540) 972-1122

Fax: (866) 841-1515

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