Friday, March 23, 2007

Ohio To Bailout Subprime Borrowers

Ohio is throwing $100 mln at the subprime problem, raising the money through a taxable muni-bond sale, to make a "dent" in stemming defaults. Ohio Loan Details Click Here. The program will make 1000 fixed rate loans available to switch folks out of higher interest ARMs. That won't make a dent, that will be a tiny ding.

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