Government Intervention


	Government Intervention

Spokane_Realtor

3-24-2009 10:19 AM

29 views

tags:

spokane homes, spokane real estate.

Spokane_Realtor says:

Government manipulation is what greatly contributed to the current mess, it shows much arrogance to believe they can tinker their way out the mess they created.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/162f5457-ce50-4e3a-aa01-66c353e5099a/A3A6F1AF-9F9C-4FC0-9C7F-A04094A428E4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners" href="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners" style="font-size: 11px;">www.inman.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners"><H1>False hope for homeowners</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners"><P>The  U.S. government has started several programs to help homeowners escape  burdensome mortgage payments and avoid foreclosure. But so far, these  programs have amounted to little more than false hopes.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners"><P>Programs  with catchy names like "Hope for Homeowners" were announced with much  fanfare and great promise. In effect, these programs meant that we, the  U.S. taxpayers, held out the hope of mortgage relief to our neighbors,  both nearby and far afield. We gave them hopes of "staying in their  homes," as government officials so often phrased it.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.inman.com/buyers-sellers/columnists/marciegeffner/false-hope-homeowners"><P>But so far,  these programs haven't delivered even a tiny fraction of the promised  relief. The "Hope for Homeowners" program created late last year was  supposed to help 400,000 homeowners replace troublesome mortgages with  traditional 30-year fixed-rate loans. But as of early 2009, only 25 new  loans had been approved. Yes, you read that right: not 400,000. Just 25.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A3A6F1AF-9F9C-4FC0-9C7F-A04094A428E4/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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