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Presidential candidates' housing plans at a glance (Washing

 
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Molech
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Joined: 01 May 2006
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PostPosted: Sat Jul 05, 2008 10:33 pm    Post subject: Presidential candidates' housing plans at a glance (Washing Reply with quote
-- Presidential candidates John McCain and Barack Obama envision the Federal Housing Administration backing new, cheaper mortgages for distressed homeowners who otherwise would have difficulty refinancing into more secure government-insured loans with lower monthly payments. For the plans to work, lenders would have to be willing to take a substantial loss by reducing the amount owed on the loan ...

[url=http://us.rd.yahoo.com/dailynews/rss/search/fha+loan+mortgage/SIG=12o6mi1oe/*http%3A//www.washingtonpost.com/wp-dyn/content/article/2008/07/05/AR2008070500567.html]Read more...[/url]
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