Statements from Sheila C. Bair and Hugh R. Frater on FHFA’s Announcement About a New Enterprise Refinance Option to Help Homeowners
“Racial and income disparities in refinance take-up rates have persisted for far too long. With this initiative, we strive to narrow the gap. We thank FHFA for its strong leadership to help all eligible homeowners reduce their monthly housing costs by taking advantage of the historically low mortgage interest rates,” said Sheila C. Bair, Chairwoman of the Board, Fannie Mae.
“We look forward to implementing Fannie Mae’s new RefiNow™ option as soon as possible to ensure all eligible homeowners are able to avail themselves of this money saving opportunity,” said Hugh R. Frater, Chief Executive Officer, Fannie Mae.
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