Tim Geithner tells the Senate Banking Committee he expects a detailed plan on the...

|By:, SA News Editor

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.