Bad Credit Services

1 April 2008

Subprime Mortgage Meltdown, Alexander housing plan takes fire from right

Posted by James Breen at 4/1/2008 4:59:00 PM

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Sen. Lamar Alexander (R-Tenn.) is pushing a housing plan that is taking heavy fire from conservatives. Alexander, along with Sens. Kit Bond (R-Mo.) and  Johnny Isakson (R-Ga.), is sponsoring the Security Against Foreclosures and Education Act, which would, among other items, provide a $15,000 tax credit over three years for purchasing a home in or near foreclosure. According to The Hill, a Capitol Hill newspaper, one Senate GOP aide called the tax credit "garbage." More from The Hill: But ..».

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Posted at 16:59 0 comments