http://www.foreclosurelistingsnationwide.com/blog/article/219/fhfa-announces-new-plan-to-combat-foreclosures-due-to-inflated-appraisals Information, Articles, Latest News and Listings of Foreclosure Homes Sat, 14 Mar 2009 00:07:07 -0400 hourly 1 http://www.foreclosurelistingsnationwide.com/blog/article/219/fhfa-announces-new-plan-to-combat-foreclosures-due-to-inflated-appraisals/comment-page-1#comment-8473 John S. Richardson Mon, 09 Feb 2009 22:21:32 +0000 http://www.foreclosurelistingsnationwide.com/blog/article/219/fhfa-announces-new-plan-to-combat-foreclosures-due-to-inflated-appraisals#comment-8473 Resolving Foreclosures. Why not have Goverenment give a check to each mort- gagee for the unpaid indebtness of their Loan made under C.R.A. The check would be " Restricted " to paying the institition holding the mortgage. The bank or the institution would have 30 to 50 years to repay the goverenment at interest equal the diccount rate. Seems that this would solve several problems. #1 The dreams of ex-president Carter, Barney Franks, Chris Dodd and the congress- woman from California would be acheived. # 2 Banks get the cash they need to make new loans. # 3 The government gets paid in full over time. Resolving Foreclosures. Why not have Goverenment give a check to each mort-
gagee for the unpaid indebtness of their Loan made under C.R.A. The check would be
” Restricted ” to paying the institition holding the mortgage. The bank or the institution
would have 30 to 50 years to repay the goverenment at interest equal the diccount rate.
Seems that this would solve several problems.
#1 The dreams of ex-president Carter, Barney Franks, Chris Dodd and the congress-
woman from California would be acheived.
# 2 Banks get the cash they need to make new loans.
# 3 The government gets paid in full over time.

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