这是造成今天银行暴涨的谣言：$1 Trillion Mortgage Relief# Stock
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According to the rumor, the Obama administration could announce a program
modeled on one that was originally devised by Columbia University economists
Glenn Hubbard and Christopher Mayer. Under that plan, all homeowners with a
Fannie or Freddie-backed mortgage can refinance with a new mortgage at a
fixed rate of 4.2% or less if they have been current on their payments for
at least three months. And the clincher is that the plan imposes no other
qualification - no appraisal or income verification.
The typical borrower would reduce his or her principal and interest payments
by about $350 dollars, a total reduction in mortgage payments of nearly $
100 billion per year, according to Hubbard. It is expected to help refinance
$3.7 trillion in mortgages and would come at an immediate fixed cost of $
121 billion to the government.
"Talk about a political and economic game changer in this presidential
election year. Obama could offer a trillion-dollar stimulus -- as measured
over a decade -that would directly and immediately impact tens of millions
of Americans suffering from the housing depression," the article said, which
seems to have spawned the $1 trillion refinancing program rumor on twitter.
modeled on one that was originally devised by Columbia University economists
Glenn Hubbard and Christopher Mayer. Under that plan, all homeowners with a
Fannie or Freddie-backed mortgage can refinance with a new mortgage at a
fixed rate of 4.2% or less if they have been current on their payments for
at least three months. And the clincher is that the plan imposes no other
qualification - no appraisal or income verification.
The typical borrower would reduce his or her principal and interest payments
by about $350 dollars, a total reduction in mortgage payments of nearly $
100 billion per year, according to Hubbard. It is expected to help refinance
$3.7 trillion in mortgages and would come at an immediate fixed cost of $
121 billion to the government.
"Talk about a political and economic game changer in this presidential
election year. Obama could offer a trillion-dollar stimulus -- as measured
over a decade -that would directly and immediately impact tens of millions
of Americans suffering from the housing depression," the article said, which
seems to have spawned the $1 trillion refinancing program rumor on twitter.
