Can I still refinance under Obama plan if my loan is not backed by Fannie Mae?I asked my lender (First Horizon) about who's backing my loan and they said "Bank of New York", however in order to qualify for refinancing under the Obama housing plan I was reading in Zillow that my loan has to be backed by Fannie and Mae.I never thought such info will be important and dont know what's the difference between both banks as Bank of New York is a Federal bank as well.February 26 2009 - Novato00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.