Mortgage Banking Exam
The government has finally revealed its plan to spare the homes of 1.2 million borrowers. Many consumers are wondering one of two things: 1) Will this help me, and/or 2) How much will this cost me as a taxpayer? With approximately 250 million Americans living in the United States and well over half of them paying taxes, the second of the two questions seems more poignant. How much will Americans have to spend to bail out a small fraction of the population?
The Mortgage Plan
To qualify for an interest rate freeze, borrowers must meet the following criteria:
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