[FWB]

Originally Posted by cobra de capell

Obama Expands Loan-to-Value Ratio to 125% for Refinance Program

http://www.examiner.com/x-13480-Phoenix-Real-Estate-Examiner~y2009m7d1-FannieMae-and-Freddie-Mac-Refinances-up-to-125-loantovalue

Today the US Treasury Department announced an update to allow refinancing of mortgages backed by Fannie Mae and Freddie Mac up to a first lein position of 125% of the home’s appraisal value. This is a level that was previously set at 105% loan to value.

I cannot image going for a 125% loan to value. Our Federal Government must run a really more than passingly strange set of books.

where else but gov't can you be trillions in debt and not go belly up.