Real estate blog entries tagged with subprime mortgages by Oak Valley Mortgage-California Home Loans and Refinancing

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Home : Blogs : Scott Gormley : California Home Loans-Purchases-Refinances : Tag "subprime mortgages"

subprime mortgages: Bush's Bogus "Rate Freeze" Plan - 12/11/07 12:43 PM

They don't have the answers, because they don't even know the right questions.
Let me start off by saying that I strongly oppose the proposed 5-year "rate freeze" plan that President George Bush has suggested to the American public in regards to subprime loans set to "readjust" to higher interests rates, with the ambition to "curb" the number of foreclosures set to take place in the housing market over the next 24 months.
I pose this question, "How can Uncle Sam get that right when the President can't even put out the right toll-free number on December 6th, while making a public address … (40 comments)

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Scott Gormley

Chico, CA

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