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» Democrat Lawmakers Propose Subprime Bailout Plan Using Writedowns and FHA Refinancing
Democrat Lawmakers Propose Subprime Bailout Plan Using Writedowns and FHA Refinancing
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Late last week, Democrats in Congress detailed legislation that could amount to at least a $15 billion bailout of the subprime mortgage market. The bills would require lenders to take “substantial writedowns” then allow FHA to refinance the...