Can't pay or won't pay? - 02/24/09 02:16 PM
From The Economist Feb 21st article title "Can't pay or won't pay?":
"Some 5M homes have entered foreclosure in the past three years. Credit Suisse estimates that over 9M more will enter the process in the next four years. (In normal times, new foreclosures run less than 1M a year.) Mr Obama predicts his plan will prevent up to 4M foreclosures. In a separate initiative, up to 5M borrowers will be able to refinance their mortgages at lower rates even if their equity is less than the 20% usually required by Fannie Mae and Freddie Mac, the now nationalized mortgage agencies.
… (0 comments)

 
Mypicture2

Are Andresen - Northern Virginia Real Estate

Falls Church, VA

More about me…

Soldsense - your sixth sense in real estate

Address: 1934 Old Gallows Road, Suite 350, Vienna, VA, 22182

Office Phone: (703) 560-3424

Email Me



Links

Archives

RSS 2.0 Feed for this blog