On the recordFebruary 25, 2009
A 30-year mortgage is traditionally retired in seven years, so somewhere, the mortgage disappears.
Source
congress.govA 30-year mortgage is traditionally retired in seven years, so somewhere, the mortgage disappears.
Discussing the refinancing of mortgages and their impact on balance sheets.
Share
More from Bob Bennett
I can understand the impulse for a moratorium. I am not at all sure that a blanket moratorium as broad as this one will produce any higher degree of safety than a more targeted kind of thing.
I would urge you to have conversations with whatever 'elves' within the administration you deal with, over at OMB, because I think that's where the decision was made.
We will not only lose the industry, we will lose the skills that go with it.
I think the implications for this are very serious. NASA, I think, is making a mistake.