They’re Back………………

Well, not really.  A good friend of the Global Macro Monitor sent this over yesterday, which reflects a modified version of the mortgages that drove the Housing ATM and economy before the bust.    You can now refinance your home up to 125 percent of the value of your home under the HARP.    WTFudge?

Fading the hope of a robust housing recovery.

(click here if chart is not observable)

This entry was posted in Housing and tagged , , . Bookmark the permalink.

2 Responses to They’re Back………………

  1. Up to 125% of value? The taxpayer is on the hook! I’m hearing the (HARP) music already!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s