Analysts doubt impact of raising caps (AP via Yahoo! News)

Story date: 2007-10-03 02:09:38
Added on: 2007-10-04 07:29:25

Efforts in Congress to let mortgage companies Fannie Mae and Freddie Mac refinance more at-risk loans could have a key flaw: many of those loans were made with such loose standards that borrowers are likely to default anyway, analysts said.


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