From the WSJ online- apparently, the Bush Administration and major financial institutions are working on a plan to freeze the interest rates on certain subprime adjustable loans, to slow the foreclosure rate.
About Joe Spake
Joe Spake is a Memphis-based Consultant, Real Estate Broker, and Social Media Networker. He blogs at Joe Spake’s Weblog and Memphis Real Estate Buzz and is a regular contributor at Social Web Learning.
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