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Barney Frank's Bailout Idea

More Home Equity Loan Blog Posts
The loan money would go not to the home owner as it does in a home equity loan, but to the primary mortgage holder who would then rewrite the loan, with a corresponding 20% drop in interest and principle payments. ...


Source Blog Post
http://crazypolitics.blogspot.com/2008/03/barney-franks-bailout-idea.html

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Late loan payments on the rise (Daily Record) WASHINGTON -- Late payments on consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.

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