Apparently, some bureaucrats in DC have not learned their lesson from the massive real estate market failures of 2008-2010. Freddy Mac a government buyer of mortgage paper is starting a new pilot program to buy second mortgages. They want to help people "unlock" that equity in their homes.
When I say the government, I mean you and I will be responsible for those loans if they default. Also pumping more money into the economy will likely push up inflation further causing interest rates to climb.
Listen as we discuss this plan and the potential consequences.
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