Some accountablility may be on the way for the Federal governments bailout buffett. Neil M Barofsky has been assigned the task of finding out what TARP recipeints have been doing with their emergency funds.
Just in time, too, as it seems many TARP recipients actually reduced lending after recieving the funds.
And President Obama has a plan to make room under the TARP for borrowers
A late day improvement in pricing brought rates back down to 4.75% on a conventional 30 yr fixed, 5.5% for an FHA 30 yr fixed jumbo up to $625,500 and 6% for a 5 year ARM up to $1 million.
Have any questions? Looking to apply for an FHA or jumbo mortgage in Washington DC, Virginia, Maryland, or Florida? Just email me and I'll be in touch.
5 hours ago
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