Despite rumors to the contrary sweeping Wall Street and Washington, D.C., the White House says it is not planning to order Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of people who owe more than their homes are worth.
"The administration is not considering a change in policy in this area," said Treasury spokesman Andrew Williams.
Mortgage bond prices stabilized after that rumor was quashed.
Source: Reuters News (08/05/2010)
The Only B.S. I Have is from the University of Massachusetts - Lake Mary, FL
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There is too much news and blogs posting information - Thanks for sharing the truth!
Aug 09, 2010 01:34 AM
Long & Foster Real Estate, Inc. - Rockville, MD
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A home is an investment as well as a place to live. Sometimes you have to ride out the bad markets and wait for the good ones. That is why you shouldn't think of a home as a temporary place to live.
Aug 09, 2010 01:40 AM
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