R.I.P. Scout26
January Surprise: Is Obama preparing a trillion-dollar mass refinancing of mortgages ?
That could lead to a mass refinancing program for agency-backed mortgages that would go well beyond the existing HARP program. That could hurt agency MBS pricing and result in higher financing costs going forward. Yet it also could be a big boost for the economy and housing going into the election.
Is it hyperbole to admit that most Americans would take a sweetheart deal even if it means surrendering what liberty and economic common sense they have left?
That check was written when many generations before us bit off on the "new deal".Some of us may be awake, but most are sleep walking.