"We are pleased that President Obama understands that a recovery in the housing market is essential to a recovery in the nation's economy," said C.A.R. President LeFrancis Arnold.
"Allowing homeowners whose homes are not backed by Fannie Mae and Freddie Mac to refinance could benefit additional homeowners who are struggling to keep up with their mortgage payments and help thousands of California families who are paying far above the current rate."
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS ®
CALIFORNIA ASSOCIATION OF REALTORS(R) Lotus Lou, 213-739-8304 email@example.com
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