To: President Donald Trump
Require that Freddie Mac allow refinancing of mortgages they hold resulting in lower interest cha...
WE PETITION THE OBAMA ADMINISTRATION TO:
Require that Freddie Mac allow refinancing of mortgages they hold resulting in lower interest charges for citizens.
This petition, if approved, would require that the institution known as "Freddie Mac" change its policy and permit the refinancing of mortgages to reduce mortgage interest rates on existing loans resulting in at least these positive results:
1. Save individual homeowners up to thousands of dollars per year and tens of thousands over the life of the loan.
2. Enhance individual homeowner's ability to meet their mortgage requirements by reducing payments up to several hundred dollars per month.
3. Increase individual disposable income available for purchasing consumer goods and thereby stimulating the economy.
4. Provide some of the benefits of the bailout of the institution known as "Freddie Mac" to the account holders currently being squeezed by its restrictive refinance policies.
Created: Nov 23, 2012
Require that Freddie Mac allow refinancing of mortgages they hold resulting in lower interest charges for citizens.
This petition, if approved, would require that the institution known as "Freddie Mac" change its policy and permit the refinancing of mortgages to reduce mortgage interest rates on existing loans resulting in at least these positive results:
1. Save individual homeowners up to thousands of dollars per year and tens of thousands over the life of the loan.
2. Enhance individual homeowner's ability to meet their mortgage requirements by reducing payments up to several hundred dollars per month.
3. Increase individual disposable income available for purchasing consumer goods and thereby stimulating the economy.
4. Provide some of the benefits of the bailout of the institution known as "Freddie Mac" to the account holders currently being squeezed by its restrictive refinance policies.
Created: Nov 23, 2012
Why is this important?
I have been personally affected;. I have been barred from refinancing my home since 2009 because I refinanced before May of 2009. Freddie Mac rules, with no explanation of why, will not allow me to refinance. If I and others were allowed to do so, we could reduce mortgage interest rates on existing loans and save thousands of dollars per year. In my case, I would save about $5000 per year. I have already done a petition you can view here by copying and pasting thiks link in your address bar: http://wh.gov/IjfU