1 Articles match "Appreciation","Beneficiary","Washington"

The Latest from RealtyTrac MORE
Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Another Approach to $700 Billion Bailout
    Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE