MSM Monitor: How the Bank Bailout Helped Americans

By Rocker

It became the main source of home loans to borrowers with poor credit and low down payments after the collapse of the subprime lending market. By law, the FHA cannot offer borrowers interest rates as low as 2 percent, which are available ... financially troubled borrowers, those who can't afford to pay their mortgages because their interest rates spiked or they have lost income. The Treasury's report card analyzed eligible loans that were delinquent for at least 60 days. ...

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