In response to:

Investors Reject Obama Mortgage Bailout Proposal

wdwrkr Wrote: Dec 28, 2012 11:55 AM
"Well, first congress forced the lenders to issue bad loans" Should be: "Well, first DEMONRATs forced the lenders to issue bad loans"
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...