I have linked a page that summarizes the proposed laws for the foreclosure prevention act of 2008. I am pleasantly surprised with the fact that I don't see any "get out of jail free" cards to borrowers, mortgage companies, or Wall St. firms. I don't see any major moral hazards in the bill, and the modernization of FHA will help, since it will become more and more valuable program as we go through this down cycle. I hope this bill will pass as it is.

 
Posted by Dan Barksdale on 04/09/2008 11:04 AM   Comments (0)   foreclosure prevention act of 2008  

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Dan Barksdale

Birmingham, AL

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USA Title of Alabama

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