Presidential candidates say government should play role in mortgage crisis
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mortgage crisis, Presidential candidates April 8th, 2008How involved should the federal government become with the mortgage and foreclosure crisis?
Marc Schwaber of Preferred Empire Mortgage says other measures, like asking lenders to make greater efforts to help their borrowers during these tough times, don’t seem to be helping, so maybe federal help is the best bet.
“Maybe, if the government wanted to have a better plan, they could lend the money through a Ginnie Mae program, a government-backed program, and say we as the government are going to stand behind this particular loan,” says Schwaber.
The presidential hopefuls also think the federal government should have a role.
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Tags: mortgage crisis, Presidential candidates
