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Freezing Mortgage Rates: Paulson’s Problematic Plan

December 10th, 2007 · No Comments

 Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson held a press conference last week to discuss the Bush Administration’s current objectives to aid struggling homeowners in an effort to stave-off foreclosure. While I love Jackson’s efforts to increase FHA lending limits and his support of the FHA Secure initiative, Paulson’s “big-plan” […]

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Tags: Foreclosures · Industry News · Subprime · adjustable rate mortgage

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