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WASHINGTON (Dow Jones)--The Obama administration on Monday announced a new initiative for state and local housing finance agencies.
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The initiative will help support low mortgage rates and expand resources for low and middle-income borrowers to buy or rent homes.
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-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com
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Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=Ys6beN01yAdASZJc0To2fg%3D%3D. You can use this link on the day this article is published and the following day.
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(END) Dow Jones Newswires
October 19, 2009 12:46 ET (16:46 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.- - 12 46 PM EDT 10-19-09
5 comments:
unbelievable, here we go again, same story with almost the same players, new point guard head faking, unbelievable..
Todd from San Diego
President Obama understands what he is doing better than you. He will enjoy great success in changing the flawed U.S. myth of Milton Friedman capitalism.
Naomi
Great point, but argiung with idiots is impossible. Keep up the blogging.
Eric W.
I like it, not the altruism, your blog.
LA Larry
If you choose to be partisan and biased, then there is no point arguing with you..
But, I didnt hear you say a word against spending billions of dollars on illegal wars. The fact of the matter is that social programs are a smaller percentage of the govt's budget than transfer payments, subsidies and military spending.
The same Republican voters who oppose a public health option in the name of capitalism will not bat an eyelid in accepting billions in farm subsidies. Where is the moral in that?
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