The Robbo Report

Fortune: Hillary's Modest Proposal (To Wreck The Housing Market) ·

The current mortgage mess requires a more intelligent approach than the buzzsaw plan floated by Hillary Clinton…

“[5yr rate freeze]...perhaps the dumbest solution to the current mortgage mess I’ve heard.”

“This kind of an idea is a little bit of untying your shoes with a buzz-saw.”

To be fair, John Edwards, has endorsed an even broader rate freeze – one lasting seven years – and he also wants to give homeowners the right to halt foreclosures if lenders haven’t made a “good faith” effort (whatever that means) to rework the loan. Edwards, however, seems a longshot to win the White House.

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Drop In mortgage Rates Triggers January Refinancing Boom Banker Of America