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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (44904)11/6/2005 11:46:07 PM
From: regli   of 110194
 
>If this proposal for not allowing tax deductibility for second mortgages is passed then I expect all outstanding HELOCs to be rolled into first mortgages. In this case Freddie will report even more cash-out refinancings.<

I heard yesterday on an L.A. station a commercial advocating such a strategy right now in anticipation of the change. These guys are quick!
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