Automated Valuation Model

Amherst won’t bet on universal mortgage refinance program 

There is a suggestion in mortgage finance that the Treasury Department will roll out a program for every borrower to refinance into a 4% mortgage. In a research report, Amherst Securities explains that the chance of such a plan coming to fruition is small. In fact, should such a program go through, the risk to Fannie Mae and Freddie Mac would actually increase, not decrease because of the chance the new loans will drag on the government-sponsored enterprises.