Fannie Mae execs get bonuses as refinancing volume triples

"Borrowers are increasingly taking advantage of the low mortgage rates available in the market today," said Tom Lund, Executive Vice President, Single-Family Mortgage Business for Fannie Mae and one of four top execs recieving retention bonuses. "We anticipate that volumes will increase even more as millions of additional homeowners become eligible to refinance under the president's Making Home Affordable plan. Providing broader access to affordabel, sustainable mortgages through expanded refinancing opportunities is a critivcal part of preventing future foreclosures and hastening recovery." In fact, so many homeowners have sought lower payments and interest rates that the volume of refinancing loans processed by Fannie Mae in February shot up to more than $41 billion. That's almost triple