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IPFS News Link • Economy - Economics USA

Treasury Considers Backing Mortgages

• Washington Post
The federal government may start guaranteeing home mortgages to persuade lenders to ease the monthly financial burden on struggling homeowners, Federal Deposit Insurance Corp. Chairman Sheila C. Bair said.

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Comment by Ron Moss
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My home is now under threat to foreclose by Indymac"Federal" after paying $115,000 down. We planned to be in it for two sons to attend vocational school then move on for daughter to go to music school. But when we learned the free market had been shot down by Barney Franks, we suffer. At 77 It may be hard to start over.