Posted by pthoreson on 5th of Aug 2010 at 03:29 pm
Stay calm.....
WASHINGTON(MarketWatch) -
Government officials on Thursday rejected speculation that they had
any plans to conduct a massive mortgage refinancing program to
stimulate the economy, according to the Wall Street Journal.
Federal Housing Administration Commissioner David Stevens told the
Journal that "there is not any plan for expanding into a high
[loan-to-value] refinance program at this time."
On the other
hand, though I totally disagree with government bailing out
mortgage holders, I also disagree strongly with spending hundreds
of billions to benefit one in a million.
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Rumor quelled
An August Surprise from Obama?
Posted by pthoreson on 5th of Aug 2010 at 03:29 pm
Stay calm.....
WASHINGTON (MarketWatch) - Government officials on Thursday rejected speculation that they had any plans to conduct a massive mortgage refinancing program to stimulate the economy, according to the Wall Street Journal. Federal Housing Administration Commissioner David Stevens told the Journal that "there is not any plan for expanding into a high [loan-to-value] refinance program at this time."
On the other hand, though I totally disagree with government bailing out mortgage holders, I also disagree strongly with spending hundreds of billions to benefit one in a million.