I don’t trust Obama on this or any other thing that he says. He hates America and wants nothing good to happen to America.
His plans are not for the betterment of the USA.
I refinanced a year or so ago and found out that my mortgage before refinancing was assumed by Fanny and Freddie and it was a normal conventional loan. It was surprising to find that out. It was probably part of TARP. Nonetheless, it was done without my knowledge.
Many (if not most) lenders sell their mortgages to bundlers. Small, locally owned banks sometimes prefer to manage their own. That’s the case with our local bank, a small group of about a dozen banks here in southern Ohio
Ubama knows what is best for you.......