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Loan Modification

: Mortgage Lender Implode-o-Meter

Geithner Sets Two-Year Target on Housing Finance Reform

By Implode-Explode Heavy Industries

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"Geithner criticized the government's long-standing role in housing finance for supporting incentives that distorted the market, created significant moral hazard, and ultimately left taxpayers responsible for the resulting mess. While all Americans should have access to affordable, quality housing, he said, the goal should not be for every American to become a homeowner. Targeted and effective support should be available to families who have the financial capacity to own a home but are underserved by the private market coupled with a range of options for Americans who rent."

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2011 (boomark / email).

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