Relevant:
- The Scope: JP Morgan Estimates Nearly 9m Mortgages Eligible for New FHA Refinancing
- Half of US Prime Mortgage Borrowers could be Underwater
- More Subprime, Alt-A Mortgages May Head `Underwater'
- mortgages backed by fannie/freddie far superior to private label
- Countrywide to Refinance Up to $16 Billion of Loans
2012-01-26 — bloomberg.com
""Our preliminary interpretation is that the program is aimed at refinancing borrowers with underwater private label mortgages into FHA loans," "
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