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Solution to mortgage and housing crisis

<span class=”Apple-style-span” style=”font-family: ‘Times New Roman’; font-size: 14px; “><span class=”Apple-style-span” style=”font-family: Georgia; font-size: 16px; “><span class=”Apple-style-span” style=”font-weight: bold;”>Fred Glick</span>, President and CEO of both U S Loans Mortgage and U S Spaces, Inc announces his solution to the mortgage and real estate crisis in America.</span><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family: Georgia; font-size: 16px; “>After seeing all of the patchwork solutions being offered, Glick sees that those focuses are on the micro of of the crisis.  </span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family: Georgia; font-size: 16px; “>Glick sees his ideas as the macro solution that will additionally help the entire U S economy by letting people have lower payments and possible refinance to take cash out to start buying again.</span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “>”The economy since the late 90’s was based on the fact that rates were low and people could get equity from their property to spend money, Glick said.”</span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “>With the renewed interest in being conservative with their dollars and the job loss situation, people will now be careful with their dollars, but they need dollars to spend.</span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “>My 5 point plan helps make that happen.”</span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “><br /></span></span></div><div><span class=”Apple-style-span” style=”font-family:Georgia;font-size:130%;”><span class=”Apple-style-span” style=”font-size: 16px; “>Here are the highlights.</span></span></div><div><span class=”Apple-style-span” style=”font-family: Georgia; font-size: 16px; “><div><br /></div><div><span class=”Apple-style-span” style=”font-weight: bold;”>1.</span> Lower (and subsidize) rates for ALL mortgages (sub-prime, investors, ARMs, everyone)</div><div><span class=”Apple-style-span” style=”font-weight: bold;”>2.</span> Direct down payment assistance for buyers of new homes and cancel the $7500 tax credit</div><div><span class=”Apple-style-span” style=”font-weight: bold;”>3.</span> VA type underwriting where mortgage payments are based on the borrower’s NET income</div><div><span class=”Apple-style-span” style=”font-weight: bold;”>4.</span> 100% government guarantee of all mortgages (so there should be no Fannie Mae, VA of FHA limits from now on)</div><div><span class=”Apple-style-span” style=”font-weight: bold;”>5.</span> Let upside-down refi to a better situation without caring as much about the appraisal.</div><div><br /></div><div>It will be paid for with a national .25% fee for every mortgage (.75 for investors).  </div><div><br /></div><div>For more information, please contact Fred Glick directly at 215-852-4469 or email <a href=”mailto:fred@fredglick.com”>fred@fredglick.com</a></div></span></div></span>

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