Just another attempt by the Feds to provide some relief for homeowners… I’m glad they’re doing something… it’s just that they’re caught in a lose – lose situation. But everything proposed seems like a gimmick compared to what we thought we’d get with TARP. Oh… remember TARP, signed under President Bush? The total cost looks to be $9.1 Trillion – and it was given to the banks with NO strings attached (it makes the $787 billion stimulus bill seem small, doesn’t it?” How did they use the money? I don’t they used it for all those toxic mortgages…
So here’s more information on another program that may help a few homeowners.
See Herald.net