Astute readers have no doubt have learned by now of yesterday's announcement by HUD Secretary Shaun Donovan that the federal government's Making Home Affordable plan will now allow mortgages owned or guaranteed by Fannie Mae and Freddie Mac to be refinanced with loan-to-value ratios of up to 125%.I won't go into all the details of the announcement since you can find good coverage of the changes over at the P-I or Rain City Guide. Instead, I thought it would be interesting to see what the ...
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