Thu, 05 Mar 2009

The Mortgage Mess

Two tales, two links, two spins, same paper. What a clusterf**k.

The Obama administration began the most ambitious effort since the 1930s to help troubled homeowners, offering lenders and borrowers big incentives and subsidies.

(link) [New York Times]

President Obama’s housing rescue plan does little for borrowers who have had significant jolts to their income, or who owe more than their home’s value on loans that exceed $729,750.

(link) [New York Times]

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