In response to:

Investors Reject Obama Mortgage Bailout Proposal

remarjames781 Wrote: Dec 30, 2012 11:59 AM
upto I looked at the receipt ov $6110, I did not believe that my friends brother could actualy taking home money parttime at their laptop.. there uncles cousin had bean doing this 4 only 12 months and just now cleared the dept on their condo and purchased a new Fiat Multipla. this is where I went, ask22.COM
A long-rumored plan for the Obama Administration to facilitate federal purchases of underwater mortgages has begun taking shape, and a familiar story has emerged: investors and markets aren't fans of the idea.

The Wall Street Journal originally reported on the plan to expand mortgage relief even in the wake of what looks to be positive economic trends in the housing market. The mortgage relief program expansion would allow borrowers who aren't covered by Fannie Mae or Freddie Mac to participate.

CNBC reports:

Under the proposal eligible borrowers must be severely underwater, with a...