Possible Good News

Well we all know haste makes waste, and that’s what has happened to some of the economic relief money that has already been released – it has been wasted. It’s good to know that President-elect Obama is considering releasing the remaining money with conditions attached. If all goes well, much of the money will go to help those in foreclosure, and to stimulate new home loan packages. Read this article from Bloomberg.com to see what House Financial Services Committee Chairman Barney Frank has been discussing with the President-elect. It could be a big boon to the housing industry – good for us!