obama mortgage plan "mortgage-backed securities"?

I have a mortgage that was sold to a "mortgage-backed securitiy" will this new obama mortgage plan Help me? I closed with a bank under a fanny mae Mortgage. My servicer said this is only for Banks. I have a sub prime at 9.75% and need a lower Rate.

1 Answer

  • 1 decade ago
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    In all honesty, I expect this package to have a much harder time being passed than the stimulus bill. Having said that, if a bill is passed in the form that the President wants, it should help you modify your loan and get the interest rate down to around 5%.

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