Programs started by the Bush administration in 2007 "HOPE, which was hopless and did very little could have been designed more effectivly. Yes it means thier must be rules and regulations to hold the lenders accountable. all lenders should be required to rewrite all mortgages that are current and have been for the past year, under any and all circumstanses. This would apply to all owner occupied primary property. The only varable allowed when rewriting a mortgage would be a 1 to 11/2% above prime mortgage rate under special circumstanses. Give all lenders a 45 days to start rewriting all loans, where a home owner desires to refinance and if they refuse in anyway im sure both fannie and or freddy could make a nice proffit at 4% interest. Most economist, some senators, fix housing.
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