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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ncohrnt who wrote (75404)	12/12/2006 12:44:23 PM
From: Mike Johnston	Respond to of 110194

Actually, that could force a new quasi-governmental corporation - the American Defense of Home Ownership Corporation...AD-HOC. It'd be a safety net for all the ARM victims of the past 5 years, offering low fixed rates, etc Something similar has been proposed in the UK, under that plan a government would take 25% stake in a house, in partnership with the new homebuyer, while the homebuyer would need to purchase only 75% of a house instead of 100%. But that proposal was only for new purchases, to make them more affordable for first time homebuyers. It was not for helping out existing homeowners who can no longer afford the property.