US May Expand Mortgage Refinance Program: Report

circlejerk | Dec 26, 2012 06:57 AM ET Stupid americans. You vote Obama for free ride. Lots of freebies. NO one wants to pay. Me chinese, you now my servant. You need to pay plus interest for your easy living promised by Obuma. I own your babies now. I own your economy.Sincerely,Xia Mein

beachbum40 | Dec 26, 2012 07:55 AM ET What else can they do? Kick the can down the road forever. Absolute inepttitude and unaccountability. Our govt is a joke.

tarandfeathers | Dec 26, 2012 08:21 AM ET Where is my free home? Why can`t I get a free home like all the other free loaders? Which program is going to pay my high rent? High rent because the government allowed people to inflate the housing with its free money to anyone forever!

Doktorbob | Dec 26, 2012 08:44 AM ET Wow, these folks purchased homes that they couldn`t afford and now they want the government to bail them out? Geesh...where is my free ride? Because I am fiscally responsible I have to support everyone else who isn`t? Yes, that`s fair...

JimR441 | Dec 26, 2012 08:59 AM ET Doktorbob - there`s nothing here about buying something they couldn`t afford. To be eligible you have to be current on your mortgage payments. This just proposes paying off the original mortgage and refinancing at today`s rates, without mandating a specific loan-to-value number. The mortgage holder has already proved their creditworthiness by making mortgage payments at the higher interest rate. This lets them adjust downwards - at no cost to the government. The owners keep the house, keep making payments but at the lower interest rate, the original mortgage is paid off, and the new mortgage ensures lower interest rates for the length of the mortgage. Consumers have more money to spend, the investors have their original loan paid off -- This plan rewards those who are creditworthy and encourages r

JimR441 | Dec 26, 2012 09:00 AM ET . . . encourages responsible financial management.

JimR441 | Dec 26, 2012 09:01 AM ET . . . responsible financial management.

matt1966 | Dec 26, 2012 10:09 AM ET ...we are committed to winding down Fannie Mae and Freddie Mac. Just as soon as we wind them up some more.

Buzzinga | Dec 26, 2012 12:44 PM ET A better plan is: Let those people whom have been paying (250K max mortgage) to obtain a 2% loan. No fees. These are the people whom will continue to pay and then spend more into the economy.

Earth_Scientist | Dec 26, 2012 01:43 PM ET This is a TERRIBLE idea. Just shut down Fannie and Freddie. Get it over with.






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US May Expand Mortgage Refinance Program: Report

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