In a Wall Street Journal
‘s “Market Watch” report the author discusses a proposed change in the current lending requirements for mortgage backed securities which would, if enacted, serve to cut the number of pending foreclosures and spur economic growth. The proposed changes do not come without some drawbacks and risk as outlined in the article. This could have an impact on Danville real estate and San Ramon real estate by helping people keep their homes and reducing the number of foreclosures and short sales.
Could the government create a backdoor stimulus? – MarketWatch.
