This was an excerpt of an article published by The Associated Press in msnbc.com today.

Let me tell you what I think about the Bush plan(s). It may help some people, if it is implemented swiftly. According to other market information I have received and blogged about, there are approximately $1 billion in adjustable rate mortgages resetting in the month of March, 2008 alone. The Bush administration can announce new initiatives all it wants, but without effective & efficient execution of these plans, they are simply sweet nothings being whispered to an already stressed out and needy segment of the population - those with adjustable rate mortgages on the verge of reset.

Please don't perceive that I feel this population is the complete victim here - I believe in personal accountability and responsibility. I do not believe that ignorance or blind trust are relevant excuses. People got themselves into this mess all on their own. However, this country is also built on opportunity. So if the current administration wants to offer an opportunity to rectify the situation of these poor folks, let it be an opportunity based in reality, not just pie in the sky intentions.

And let's be crystal clear here, my intuition tells me that the current administration is offering these bailout programs to protect the financial institutions from catastrophic losses, not the consumers who took out these risky loans.

If you would like to speak with a no-nonsense, lay it on the line, give you all your options mortgage broker about your current or future mortgage financing, please contact me. My website is; www.HomeLoansAlbuquerque.com, and my email address is; Melinda@trinitymtg.biz.