rate freeze: The proposed rate freeze has frozen my brain.
- 12/10/07 09:30 AM
Hi folks. I've been trying to get my head around the proposed rate freeze. Rosemary Brooks wrote a post yesterday expressing her concerns about this program and how it will exclude too many folks. After going back and forth with her in the comments we both agreed that if you can't help everyone then don't help anyone. Here are my thoughts. I closed on 60 properties in 2005. I don't know the exact number but my guess would be 90% of these were sub-prime 100% deals with the seller contributing 6% towards closing costs. Being as how I am in the … (84 comments)
Hi folks. I've been trying to get my head around the proposed rate freeze. Rosemary Brooks wrote a post yesterday expressing her concerns about this program and how it will exclude too many folks. After going back and forth with her in the comments we both agreed that if you can't help everyone then don't help anyone. Here are my thoughts. 
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