Barney Frank’s Plan To Help Those In Danger Of Default
Barney Frank’s Plan To Help Those In Danger Of Default The StarTribune reports that the bill would have the government back thousands of troubled mortgages. We’d spread the pain of this credit crisis from those who made ill-advised mortgages to the average tax-payer. Great. The FHA (Federal Housing Administration) would insure $300 billion in distressed mortgages. Homeowners buckling under their mortgage payments would be allowed to refinance into more affordable government-b
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Tags: Credit, Federal Housing Administration, Finance, Government, Home, Mortgage, Mortgages