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
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Thursday, November 1st, 2007
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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
SOURCE FreedomWorks
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