Comments on: Backslapping Mortgage Bailout, Fannie and Freddie Get a $200B Blank Check http://thexbroker.com/2008/03/20/backslapping-mortgage-bailout-fannie-and-freddie-get-a-200b-blank-check/ Radical Transparency for The Real Estate and Mortgage Industrys Tue, 06 Jan 2009 19:06:12 +0000 http://wordpress.org/ By: milkojilo http://thexbroker.com/2008/03/20/backslapping-mortgage-bailout-fannie-and-freddie-get-a-200b-blank-check/#comment-4295 milkojilo Mon, 01 Dec 2008 07:48:23 +0000 http://thexbroker.com/2008/03/20/backslapping-mortgage-bailout-fannie-and-freddie-get-a-200b-blank-check/#comment-4295 Looks very very interesting!<br>Thanks for letting us know about it.this why i love internet the power of sharing .I am in love with your blog <br>My best regards,<br><br><br><a href="http://thenewsempire.com/Worlds%20and%20Business/World%20News/Mortgage-approvals-still-falling/" title="Mortgage approvals still falling" rel="nofollow">Mortgage approvals still falling</a> Looks very very interesting!
Thanks for letting us know about it.this why i love internet the power of sharing .I am in love with your blog
My best regards,

Mortgage approvals still falling

]]> By: Lisa_P http://thexbroker.com/2008/03/20/backslapping-mortgage-bailout-fannie-and-freddie-get-a-200b-blank-check/#comment-4288 Lisa_P Fri, 21 Nov 2008 02:53:21 +0000 http://thexbroker.com/2008/03/20/backslapping-mortgage-bailout-fannie-and-freddie-get-a-200b-blank-check/#comment-4288 It is believed that the mortgage bailout plan is designed to bring stability to the shaken economy, it will affect only a narrow slice of homeowners in the U.S. <br>It appears that a TARP was not enough to cover up the mortgage crisis. Endangered mortgage homeowners could not benefit from the kind of credit repair scores presented by Treasury Secretary Paulson’s Troubled Asset Relief Program. On the contrary, 1.5 million homeowners can obtain a sense of security when they’re facing foreclosure through the Federal Insurance Corp Chairman Sheila Bair’s new mortgage modification program. This straightforward system, a $24.4 billion program drawn from the $700 billion pool that TARP set up, will allow lenders a stipend of $1,000 per loan they renegotiate with financially stuck homeowners. In the event of default on a loan, the FDIC has pledged to take on up to 50 percent of the loss. While Paulson proclaims this as a mere spending that will only bankrupt the FDIC, many view Bair’s movement as a needed investment to maintain the liquidity in the mortgage industry. While this won’t solve all the problems immediately, it’s certainly a bold effort to help repair credit. <br>Click to read more on <a title="What is Credit Repair?" href="http://personalmoneystore.com/moneyblog/what-is-credit-repair/">Credit Repair</a> It is believed that the mortgage bailout plan is designed to bring stability to the shaken economy, it will affect only a narrow slice of homeowners in the U.S.
It appears that a TARP was not enough to cover up the mortgage crisis. Endangered mortgage homeowners could not benefit from the kind of credit repair scores presented by Treasury Secretary Paulson’s Troubled Asset Relief Program. On the contrary, 1.5 million homeowners can obtain a sense of security when they’re facing foreclosure through the Federal Insurance Corp Chairman Sheila Bair’s new mortgage modification program. This straightforward system, a $24.4 billion program drawn from the $700 billion pool that TARP set up, will allow lenders a stipend of $1,000 per loan they renegotiate with financially stuck homeowners. In the event of default on a loan, the FDIC has pledged to take on up to 50 percent of the loss. While Paulson proclaims this as a mere spending that will only bankrupt the FDIC, many view Bair’s movement as a needed investment to maintain the liquidity in the mortgage industry. While this won’t solve all the problems immediately, it’s certainly a bold effort to help repair credit.
Click to read more on Credit Repair

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