Affordability is obviously STILL the missing LINK to stablize the real estate, mortage, lending... industries.Greenspan did his experimentations to prove his Economic Theory and Bernanke is working on fixing the ill effects of such "theory".In truth, there are ways to allow "affordability" to take place again, and the experts do know how. The question is are THEY willing to make affordability happen instead of keep on trying to bury this administration by attempting to link the BAILout$$$ and the fall of mortages to this administration.They can make the mortage notes longer ... irregardless of the life expectancy of the borrower by having "ballon" payments at reasonable time say every 7 years and have it amortized over the current "maximum". There's NO DOUBT that such SAFE and Responsible mortage options will again bring our economy back, as Housing is STILL the major purchase and American Dream.
http://finance.yahoo.com/news/ALL-BUSINESS-Bondmarket-rout-apf-15457158.html?.v=4
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