The government could offer to refinance all mortgages issued in the past five years with a fixed-rate, 30-year mortgage at 6 percent. No credit scores, no questions asked; just pay off the principal of the existing mortgage with a government check. |
THE TRICKLE-UP BAILOUT--BUY THE HOUSES, NOT THE DERIVATIVESQuicklink Submitted By Jim Freeman 5 comments
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The government could offer to refinance all mortgages issued in the past five years with a fixed-rate, 30-year mortgage at 6 percent. No credit scores, no questions asked; just pay off the principal of the existing mortgage with a government check. |
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