Secondary Mortgages for Everyone! The Government Wants to get into the Home Equity Loan Business - Financial Freedom, #234 - E-book - ePub

The average consumer is strapped for cash. However, the US economy thrives on consumer spending. What is a government to do? The US government wants homeowners to access more capital (debt) by encouraging them to take secondary mortgages, also known as home equity loans. For their part, the government promises to pay investors back if borrowers default on their secondary mortgages. This will create a secondary market for home equity loans similar to the one for primary mortgages, also known as mortgage-backed securities. I am staying far away from assuming a secondary mortgage, but I will invest in secondary mortgage-backed securities through the stock market!  How will you take advantage of a new trillion-dollar industry? Good Luck!