To Protect Sub-prime Borrowers and Nation's Housing Market, NCRCUrges Administration and Congress to Allow FHA to Refinance Loans in Defaultand Establish a National Rescue Fund



 Politics > Politics-USA > To Protect Sub-prime Borrowers and Nation's Housing Market, NCRCUrges Administration and Congress to Allow FHA to Refinance Loans in Defaultand Establish a National Rescue Fund

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Topic: Politics > Politics-USA
User: "Gus"
Date: 17 Mar 2007 08:38:16 PM
Object: To Protect Sub-prime Borrowers and Nation's Housing Market, NCRCUrges Administration and Congress to Allow FHA to Refinance Loans in Defaultand Establish a National Rescue Fund
Once Again Banking wants the taxpayer to bail them out. They phrase it
for the sub prime borrowers who are defaulting. In the real world what
they mean is bail out their bad loans that will cost the Bankers billions.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-16-2007/0004547776&EDATE=
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