P.O. Box 684
Mukilteo, WA 98275
Secretary Tim Geithner
Dear Secretary Geithner:
I am a home and small rental property owner who has been hard hit by the banking crisis. I cannot get a loan despite having a credit score over 800. I have been forced to put property on the market and sell for any price to stay solvent.
This is how I believe we can fix the housing mortgage crisis: Let ALL mortgage loans that are held by Freddie and Fannie Mae refinance into the historically low interest rates. That would reduce foreclosures, put money back into the general economy and would be fair to all mortgage holders. Bill Gross has such a plan.