The article I read was called: "Realtors praise Senate action to provide finanical stability."
This really caught my eye because very close people to me are deeply in the real estate business and so it put a smile on my face when I saw this ( even though, after recent events this has probably changed).
"The Senate's bold action will help the country emerge from the
current credit crisis and put the economy back on its way to improved
financial and housing stability." Said,PRnewswire.
I love how this articled stated that we can unclog our financial pipeline. Also by doing this liquidity will be greatly improved,which gives people hope and the ablility to be able to get loans. Mortgages will be easier to come by, making people and families fulfill their dream by living in a house.
But this act requires many different people and finanical institutions to all work together under one roof and make this happen.
"This far-reaching and meaningful legislation would go a long way in
helping restore confidence in the nation's financial system," said NAR
President Richard F. Gaylord. "Provisions in the bill would directly
benefit Main Street by making financing more available. The legislation
would not only help make home mortgages more available, which would help
stabilize home sales and prices, but also help families who are trying to
secure a car loan or borrow money to send their children to college. It
would help protect Americans' retirement savings and small businesses
across the country."
I agree with this statement and with the main point of this article. I hope many will read it and gain something from it as well.
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