SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Paul Kern who wrote (104902)2/24/2009 10:02:57 PM
From: Katelew  Read Replies (1) | Respond to of 543149
 
No. From the Financial Stability and Recovery Act meant to stabilize home prices. It's more money on top of the stimulus money....up to $275 billion, which is a lot considering that only 9 million mortgages are thought to be in trouble. This is over $30,000 per mortgage.

Not all of this money will go to the mortgagee. Section C contains a juicy sop to mortgage issuers.

This is the link to the Treasury website, one last time.

treas.gov