Investors are hoping the central bank, which has held rates steady, will soon cut them to help alleviate mortgage, credit, and housing strains.

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In Mexico, over 15 million individuals who have the ability to pay for a mortgage currently lack access to credit or to an affordable housing solution.

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Greene became a billionaire by buying credit default swaps on subprime mortgage-backed bonds as housing crashed.

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He later became a billionaire by buying credit default swaps on subprime mortgage-backed bonds as housing crashed.

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Another links him to congressional Democrats who encouraged Fannie Mae and Freddie Mac, the government-backed mortgage giants at the centre of the housing bust, to direct a torrent of credit to uncreditworthy borrowers.

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It has opened a for-profit bank mortgage office to write loans and expand the availability of credit, especially for mortgages in affordable housing developments.

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Among those measures, it said it would purchase agency debt and mortgage-backed securities to provide support to the mortgage and housing markets, and that early next year it would take measures to facilitate the extension of credit to households and small businesses.

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So the idea is that if you have one of these loans, you live in the home, you're still current on the mortgage, you'll be able to keep the current interest rate, and hopefully, in a couple of three years, when the housing market settles and more credit is flowing into the housing market, you'll be able to refinance into another mortgage and stay in the home.

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