NEW YORK
Shares of homebuilders got a boost (click title to entry - thank you) Monday after the White House announced a plan that would make it easier for many homeowners to refinance their mortgages.
As it stands, many struggling homeowners have been unable to take advantage of record low interest rates because they don't meet requirements for refinancing. For example, banks typically require borrowers to have at least some equity in their homes to qualify. But declining home values in recent years mean even borrowers who have been making mortgage payments may be underwater -- meaning they owe more than their homes are worth....
A similar 'effect' occurred with Google Stocks after The American Jobs Act was presented in a joint session of Congress to relay its brevity. The speech was on Thursday, September 8, 2011. There were provisions of The American Jobs Act that addressed the sale of broadband. In response to realizing the impact and opportunities such a sale of broadband could bring the Google stock price increased from $534.96 on September 8th to $596.42 today. Evidently, Wall Street is confident their lobbiests can work to free the opportunity from Congress regardless of thei politics to "Make Obama a One Term President."
Shares of homebuilders got a boost (click title to entry - thank you) Monday after the White House announced a plan that would make it easier for many homeowners to refinance their mortgages.
As it stands, many struggling homeowners have been unable to take advantage of record low interest rates because they don't meet requirements for refinancing. For example, banks typically require borrowers to have at least some equity in their homes to qualify. But declining home values in recent years mean even borrowers who have been making mortgage payments may be underwater -- meaning they owe more than their homes are worth....
A similar 'effect' occurred with Google Stocks after The American Jobs Act was presented in a joint session of Congress to relay its brevity. The speech was on Thursday, September 8, 2011. There were provisions of The American Jobs Act that addressed the sale of broadband. In response to realizing the impact and opportunities such a sale of broadband could bring the Google stock price increased from $534.96 on September 8th to $596.42 today. Evidently, Wall Street is confident their lobbiests can work to free the opportunity from Congress regardless of thei politics to "Make Obama a One Term President."
