Posts By: Peter Miller
There’s a new plan floating around in Washington to end the foreclosure crisis. The thought is that we can keep more people in their homes if we reduce the size of their mortgage debt.
For the past several months a major experiment has been underway, one which may well suggest how to substantially reduce foreclosure totals.
We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S.