Monday, October 6, 2008

How the Bailout works; What caused the Mortgage Meltdown

What is happening today in mortgage lending:

The bailout plan passed now what happens? Here are three articles to give you more insight. Notice there is no plan B so we have to make this work.
The Bailout: An Owner's Manual - Forbes.com
How The Federal Mortgage Bailout Should Work
Historic Bailout Passes As Economy Slips Further - WSJ.com

Did you know that Monday October 31, 1938:
Great Depression: In an effort to try restore investor confidence, the New York Stock Exchange unveils a fifteen-point program aimed to upgrade protection for the investing public. As we know the great depression didn’t end until 1941.

The Best explanaation of the Mortgage Melt Down this is going to require some time to read


Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com

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