Tim Geithner tells the Senate Banking Committee he expects a detailed plan on the...
Tim Geithner tells the Senate Banking Committee he expects a detailed plan on the administration's oft-rumored mass refinance idea within weeks. Mortgage REITs - NLY, CIM, HTS - have gotten beaten down recently, at least partly on fears they could be left holding cash instead of higher yielding MBS should a wave of refis take place.
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