Foreclosure Subsidy
Do the figures in this new homeowners rescue plan make sense?
It appears pretty lopsided to me as to what the lenders get versus how many homeowners could benefit. Why does it look like the lenders are going to make money off this deal?
“The president’s proposal would pay lenders $75 billion in subsidies to reduce mortgage rates for families facing foreclosure. It would change the rules to allow Fannie Mae and Freddie Mac to refinance homes worth less than their mortgages.
As many as 9 million people could receive help.”"”
Does anyone know how this would work?
for Cattitude………me either. I don’t think I would have ever been conned into buying more house than I felt I could comfortably afford.
What I see is $75 BILLION going to freddy and fannie just to give a temporary reprieve to 9 MILLION over extended homeowners. Good old Freddy and Fannie can have a grand time with that kind of money handed over.
it may hurt the country but screw all the people that cant afford there mortgages. how hard is it to calculate a house payment and what about all the people that lost there houses already. we will one day get out of this mess but bailing people out will not teach them a lesson. This is just another diversion from the obama administration from what really need to happen in america. we need to become the country of producers not consumers.
Foreclosure Relief through Churches CEPersVid-52
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Housing Finance Policy in Emerging Markets $41.88 Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding … |
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Mortgage default and low downpayment loans: The costs of public subsidy (Working paper / Graduate School of Public Policy, University of California, Berkeley) … |
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Making Money With Government- 4 Books(Foreclosures- Grants,Loans, and Subsidies-Auctions-Tax Lein Certificates-1 audio cassette $13.49 … |
