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Tuesday, November 11, 2008


Hope to Homeowners

The hope to homeowners program can help with some of this fannie freddie pain. Get this loans off of their books and into the hands of the FHA. There are so many things that need to be done and unfortunately it doesn't seem that the Fed has a clue what they are doing. Only time will tell.


There are so many problems with the fact that Fannie Mae and Freddie Mac are trying to help consumer mortgage holders from a problem that they helped create that it's difficult to find a starting point. I just finished talking about how Fannie and Freddie Extend Their Offer of Hope and wonder what comes next. It seems to me that it's time for someone with an understanding of the situation comes in and really analyzes the long-term consequences without just thinking about how to save banks from losing further millions.

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