The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: stomper who wrote (166310)	11/22/2008 1:16:17 PM
From: Lizzie Tudor	Read Replies (1) of 306849

government subsidized, 2-4% mortgages for ALL homeowners. Is that doable, anybody? I am having difficulty with the economics of this. I don't understand why this isn't on the table, there must be something more to it. Fed funds rate is lower than 2-4% mortgages, the govt owns fannie/freddie, why is something like this OFF the table? I can see why reducing principal would be but why a rate drop? And for this to work they need to ignore things like ratios and equity, but anybody who bothers to refi into this obviously has an intent to pay, so they are better off allowing it.

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