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Parsing the various stories floating an administration mass mortgage refinancing operation,...

  • Wednesday, August 31, 2011, 5:05 PM ET
    Parsing the various stories floating an administration mass mortgage refinancing operation, Bruce Krasting concludes the plan is for real and has the support of all the necessary actors - especially Ben Bernanke. Ultimately, the plan will require the Fed to purchase vast amounts of Treasuries - a forced QE3.
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This news story has 3 comments:

  •  
    Like crack addicts needing their fix...Time to send these bums to live under a bridge...
    31 Aug 2011, 05:16 PM Reply Like
  •  
    Restricting this refinance to government-backed mortgages only means you're just out of luck if your mortgage is in private hands. Worse yet, you'll get to pay for it all through your taxes. The higher rates that exist help offset that which is lost to foreclosures. Will this keep more homes out of foreclosure? Not likely. If you aren't already in good standing with your mortgage you don't qualify. Others are more interested in seeing their mortgage balance be reduced or they'll accept what's behind door number 3 which is a mortgage-free home till the government finally forecloses on them 2,3 or 4 years from now. This will be another boondoggle.
    31 Aug 2011, 05:46 PM Reply Like
  •  
    These freaking hosers. Is there NONE of my money they won't try to give to somebody else? I had problems with an FHA loan and have worked my ASS off to rebuild my credit, through 7 years of agony and finally got to refinance.

    Now folks who didn't are going to get better rates than I can in the free market?

    2012 can't come fast enough.
    31 Aug 2011, 10:34 PM Reply Like
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