Tag: subprime mortgage

MORTGAGE STEALTH STIMULUS | COMPLIMENTS OF FANNIE, FREDDIE AND THE OBAMA ADMINISTRATION

The Obama Administration is planning to launch yet another mortgage refinance program in the new year. This program is going to target subprime borrowers, who are current on their loans but underwater with these loans, extending government support to the mortgage market to yet another borrower group. The timing raises the question of why this… Read more »