Lawmaker Pitches Refi Plan For Underwater Homeowners

Sen. Jeff Merkley (D-Ore.) has unveiled his Rebuilding American Homeownership Trust, a plan that would allow underwater homeowners to refinance their mortgages at lower rates.

  • 25 Jul 2012

Sen. Jeff Merkley (D-Ore.) has unveiled his Rebuilding American Homeownership Trust, a plan that would allow underwater homeowners to refinance their mortgages at lower rates. The plan would involve selling bonds and using the proceeds to buy mortgages from banks, credit unions and originators.

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2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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5 Credit Suisse 41,885.89 127 5.53%