If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A study by the Boston Fed has found that the administration’s mortgage rescue plan has failed to provide that all important profit incentive. According to today’s Boston Globe:
Mortgage lenders don’t try to rework most home loans held by borrowers [...]
The world is a buzz with Obama’s mortgage plan (titled Homeowner Affordability and Stability Plan) to stem foreclosures and the $275 billion that he’s throwing at the problem. The problem is the plan won’t work, plain and simple. But, more on that later. First, let’s dive in to the President’s Homeowner Affordability and [...]
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