Frontrunning: August 25

Tyler Durden's picture

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Earl of Chiswick's picture

U.S. May Back Refinance Plan for Mortgages



The two prevailing ideas, lowering rates on mortgages and converting houses owned by government entities like Freddie and Fannie into rentals  and other uses, (WTF other uses) 


But refinancing could have far greater breadth, saving homeowners, by one estimate, $85 billion a year. (and costing taxpayers same)

Alpha Monkey's picture

U.S. May Back Refinance Plan for Mortgages

i wonder if it's just to try to keep some suckers paying their mortgages a little while longer.  Or do we have a whole lot more projects about to be developed.  Judging by the tent cities I'm seeing spring up in Seattle, I think there are plenty of people that could use cheap government housing.

IMA5U's picture

And high yield index up 3/4 of a point


Bad week to be a Bear    Wait until September 

SheepDog-One's picture

'Bernanke signaling no QE' bad time to be a Hindu cow.

snowball777's picture

Sounds like Schniederman didn't want to play ball...let's hope he hasn't spent too much time in whorehouses of late.

Cdad's picture

U.S. May Back Refinance Plan for Mortgages

Great.  I'm sure people who have left their homes and left the keys in the mailbox will sign up in droves.  Just another bank bailout move.  

How many bank bailouts does it take to make a bank whole and thus preserve the bonus pool?

MGHJFHD's picture

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