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tishtoshnm

Loan subordination--any guesses?

We have been hoping to refinance our house during this time of great rates, we have a 1st and 2nd and with the current appraisal we are at a LTV of 91% which greatly increases the cost of PMI.

Any guesses as to whether or not banks such as, say, Wells Fargo, are going to be willing to subordinate 2nd liens for the Freddie Mac Relief Refi program? It really is our only shot at refinancing now.

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