This petition, if approved, would require that the institution known as "Freddie Mac" change its policy and permit the refinancing of mortgages to reduce mortgage interest rates on existing loans resulting in at least these positive results:
1. Save individual homeowners up to thousands of dollars per year and tens of thousands over the life of the loan.
2. Enhance individual homeowner's ability to meet their mortgage requirements by reducing payments up to several hundred dollars per month.
3. Increase individual disposable income available for purchasing consumer goods and thereby stimulating the economy.
4. Provide some of the benefits of the bailout of the institution known as "Freddie Mac" to the account holders currently being squeezed by its restrictive refinance policies.



