Edgewood, WA Real Estate Blog

Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington

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Entries Tagged as 'Subprime'

Is the President’s plan a Bailout or not?

Lee Mason, The Masters Realty Group LLC September 5th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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I posted the following comment to a post at The Tacoma News Tribune Open House blog.
I see a number of problems with the presidents plan.
There were some 6 million (your numbers show 7.5 million- the variance could be the fuzzy distinction/inclusion of alt-a w/subprime loans) people with no money and poor credit who purchased homes [...]

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Tags: Buyers · Lending · Mortgages · Subprime