OfflineHere is a story about Congress searching for a way to pay for one of their pet projects. It has a good chance of passing. Read the whole story here:
http://www.cnbc.com/id/45642408
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Thanks for sharing Bill,
even it passes, where is the other 100 + billion coming from?
Fannie and Freddie are indeed over-extended with bad loans, but still, they don't seem very keen on letting homeowners shortsale; instead, they keep taking the properties back and then have to go trough the foreclosure process incurring more fees on themselves...
... a vicious cycle?
Valerie
Valerie
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just got a small increase and said that it could just as easily be taken away. Now I see this is how they are trying to fund it. Interesting.
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