On the recordJuly 25, 2012
We have about 4 million families who are underwater who do not have Fannie and Freddie loans, and they are essentially locked into high interest loans with no chance of refinancing.
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congress.govJeff Merkley: “We have about 4 million families who are underwater who do not have Fannie and Freddie loans, and they are essentially…”
Editor's note · Context
Merkley highlights the risk of families unable to refinance their high-interest loans.
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