Tag Archives: mortgage principle

Is Mortgage Principal Write-Off Overdue At Fannie, Freddie?

Taxpayers are on the hook for about $300 billion for Fannie Mae and Freddie Mac, but if liberals get their way, that number will balloon as Fannie and Freddie write-down mortgage principle for their most inept borrowers. People would who … Continue reading

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Your Share Of Fannie/Freddie Bailout – $1300 Per American

The average American is on the hook for $1300 for bailing out Fannie Mae and Freddie Mac. Another $100 billion in taxpayer funds will be needed over the next three years. If leading Democrats get their way and Fannie and … Continue reading

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What To Do About Fannie Mae, Freddie Mac

Republicans and Democrats are squabbling about what to do with Fannie and Freddie. Republicans want to wind them down quicker. Democrats want a big government role in the mortgage market. Fannie and Freddie don’t want to write down loan principal … Continue reading

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Politicians Concerned Not Enough Struggling Homeowners Are Taking The Government Bailout

Politicians have enacted all sorts of schemes to turn around the housing market. That’s ironic, because when home prices were booming, politicians left of center proposed all sorts of schemes to increase “affordable housing.” Now that home prices have dramatically … Continue reading

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Reducing Mortgage Principle For A Million Borrowers

Let’s bail people out from their bad decisions! You’ve heard of predatory loans? Yeah, all those millions who took out mortgages they could not afford, they were forced to do it at the point of a gun. If not, those … Continue reading

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Bank Of America Launches Mortgage Principal Reduction Program In Arizona

The HAMP program offers incentives to banks to reduce mortgage principle in those states hardest hit by the mortgage downturn. In other words, the government wants to soften the effects of the free market and to distort the incentives that … Continue reading

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