Thursday, November 20, 2008

I wanna be snarky about this

but I'm just too tired.

Fannie Mae and Freddie Mac announced yesterday that they are temporarily suspending foreclosures and evictions during the holiday season in an effort to keep people from losing their homes.

Okay, so maybe I'll snark a little.

Awwww, isn't that nice of them. They're going to double-check to make sure people aren't spending more then 38% of their pretaxed salary on their mortgage. And they're going to lower the interest rate. And they're going extend the mortgage term to 40 years. And they're going to possibly delay payback of part of the loan.

Awwww, they're finally doing what they should have done from jump. You know, as part of that whole responsibility thing.