MultiVu Video Feed: Poll Shows America Does Not Support Federal Intervention In Sub-Prime Market
The headlines are dominated with stories about the housing market
slowdown and credit crunch. As Congress debates how to solve the mortgage
credit crunch, a new survey by FreedomWorks, a citizens group indicates a
majority of Americans don't want Uncle Sam to foot the bill.
By a 2-to-1 margin, respondents believe individuals should take responsibility for their actions, not the government. In addition, 93 percent of respondents support disclosure to provide consumers more financial information before signing mortgages. Additional results from the survey include: * 62 percent of those surveyed oppose legislation that lowers or eliminates the down payment requirements for federally-funded loans * 72 percent oppose increasing the maximum size of a loan that the federal government will insure from its current level of $417,000 * 87 percent believe that lenders should verify the finances and incomes of borrowers who are buying or refinancing their homes Experts say the current market is moving in that direction. SATELLITE FEEDS: Wednesday, October 31st, 2007 Thursday, November 1st, 2007 3:00 AM - 3:15 AM ET 3:00 AM - 3:15 AM ET Galaxy 26 Galaxy 26 C-Band C-Band Transponder 21 Transponder 21 Downlink Freq. 4120 Vertical Downlink Freq. 4120 Vertical Thursday, November 1st, 2007 10:00 AM - 10:15 AM ET Galaxy 26 C-Band Transponder 21 Downlink Freq. 4120 Vertical NEWS: Federal Interest Rate Announcement on Wednesday, Homes Sales Report to be Released on Thursday FORMAT: Soundbites and B-roll. ADDITIONAL RE
SOURCES: Video, contact information and more available at: http://www.prnewswire.com/broadcast/30454/press.html SOUNDBITES: * Wayne Brough, PHD, VP for Research and Chief Economist, FreedomWorks B-ROLL INCLUDES: * Capitol Hill * Crowd shots * Homes for Sale * People filling out mortgage applications/forms * Computer screens showing homes for sale * mortgage calculator * interest rates VIDEO PROVIDED BY: FreedomWorks Contact: FOR MORE INFORMATION, PLEASE CALL: MultiVu Media Relations, 1-800-653-5313 EXT. 3
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