Archive for the ‘moral hazard’ Tag

Help arrives for (some) underwater homeowners   Leave a comment

Link: http://www.marketplace.org/2016/04/15/economy/homeowner-buyout-plan-better-late-never

Summary: The Federal Housing Finance Agency begins to help 33,000 homeowners who financed their mortgages through Freddie Mae or Fannie Mac and are are more than 15% underwater and 90 days delinquent on payments. Assistance includes lowering interest rates and the balance of principal owed

Original Air Date: April 15, 2016

Length: 2 minutes 12 seconds