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Politics : Sioux Nation
DJT 13.90+1.7%Jan 16 3:59 PM EST
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To: Bread Upon The Water who wrote (215351)8/28/2011 1:20:25 PM
From: koan  Read Replies (1) of 362386
 
<<<At the end of the day it is more important for the economy that the housing mess be resolved--otherwise we'll be stuck in neutral for years.

I agree. And I think easy to solve and they just didn't see it.

Let people with good credit and a job refinance 1sts and 2nds for home owners at 4% regardless of appraisal. Just exchange one loan for another.

That would cost little and allow many people to keep their homes and put a lot of money in other peoples pockets.

And most of those loans would be good and they would have a new paper trail they could follow and it would create valid collateral.
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