Quote:
Originally Posted by epitome
It may not be that article but they are also opening up home refinancing for a lot of people that probably shouldn't get it.
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I was reading yesterday about his home refinance plan and a lot of critics said it wouldn't really help that many people. The reason is you would have to be someone who could quality for a refinance if everything else other than the your home value was normal and many of the people who are underwater are also getting foreclosed on so they won't be eligible. The story I was reading said his whole plan will only effect a very small number of people.