Senator Boxer: Lowering Refinancing Costs
Wednesday, November 2, 2011
Today I led a bipartisan group of 10 Senators in urging the Obama administration to ensure that the greatest number of borrowers possible are able to take advantage of new reforms intended to help responsible homeowners refinance at historically low interest rates.
In a letter to top administration officials, we requested that the proposed reforms be extended to responsible borrowers with Fannie Mae or Freddie Mac-backed loans who have built equity in their homes. These homeowners should have the same access to simple, low-cost refinancing as others who will benefit from the new initiative.
To read our letter and more about this issue, please click here.
U.S. Senator Barbara Boxer