Paulson Denies Rumored 4.5 % Mortgage Rate Plan

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Bloomberg is reporting Paulson Plans to Review Off-Balance Sheet Bank Units.Treasury Secretary Henry Paulson said the Bush administration will evaluate accounti. paulson media blitz on Mortgage.

One month LIBOR has been in the 4.5% range recently, so if these rates held up for the next several weeks, the next reset would be over 14%. For a private loan market reeling from the recent exodus of lenders, this is extremely bad news for students. This combined with rumors of a Citibank cutback in private loans creates a crisis situation in.

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Now that the Fed, Treasury, and Congress have set up plans to bailout everything from banks to car companies to bicycle shops, Treasury Secretary Henry Paulson has decided to turn his attention to.

Paulson denies rumored 4.5 % Mortgage Rate Plan : HousingWire || financial news for the mortgage market "We didn’t float any plan," Paulson said. "I am always looking at new ideas and I have said from day one that the key thing to get us through this period is getting housing prices down."

Lenders brace for QM McClung said the biggest victory in the Senate bill for small banks by far is an exemption from the Consumer Financial Protection Bureau’s ability-to-repay requirements for loans held on bank. "But.

CFO Carol Yu said there are no such discussions in progress or even being considered and, as such, the rumors are entirely inaccurate. Now what: Investors tend to get rather excited when there’s.

Paulson said in his speech that the government is focused on helping subprime borrowers who can afford the introductory mortgage rate but not the adjusted one. The plan "does not, and will not.