Monday, Aug 16, 2010
A new wave of foreclosures?
CNN: The wasted 4.44% mortgage rate
In the short-term, this could free up household incomes and inject much-needed money into a slow-growing economy. But opponents argue it would only add to the hundreds of billions of dollars it will take to prop up troubled Fannie and Freddie.
The U.S. Treasury Department says it doesn't plan to ease refinancing rules.
Posted by mark @ 10:33 AM (602 views) Add Comment
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