Modify the Mortgage Plan to Stop FreePassers: There Must Be Pain!

As I mentioned in one of my earlier posts, President Obama has proposed a plan to assist mortgage borrowers suffering from falling home prices and unaffordable monthly payments. It would allow those with minimal or no equity to refinance their mortgages at lower interest rates to bring their payments more in line with their income.
Anger […]

A Question About the Economic Rescue Plans: Who Picks Up the Tab?

 
The government has announced plans to rescue the banking system, to stimulate the economy, and to prevent mortgage foreclosures. These programs have generated many questions regarding their implementation and efficacy. However, the really big question that no one in Washington, D.C. seems to be asking is, Who picks up the tab for the cost of a…