Recommended Home Equity Loans You Should Know About
Paulson Said Congress Should Authorize State And Local Government
By Petra Amelia on December 5th, 2007
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Treasury Secretary Henry Paulson told a national housing forum that Congress should authorize state and local governments to broaden their tax-exempt bond programs temporarily. He said “As volume increases, we will need an aggressive, systematic approach to fast-track able borrowers into a refinance or mortgage modification.” Paulson also said “with steady incomes and relatively clean payment histories who could afford the lower introductory rate but cannot afford the higher adjusted rate.” Angelo Mozilo, and Washington Mutual CEO Kerry Killinger, Countrywide’s chief executive officer called on Congress to increase Federal Housing Administration loan limits and to broaden the types of loans that Freddie Mac and Fannie Mae are allowed to purchase.
Read: sacbee.com
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