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Survey Finds Resistance to Mortgage Bailout Plan.
Washington-A survey conducted for Reecon Advisors, an independent real estate economics and information company, finds that a slight majority of people opposes using federal bailout funds to help pay the mortgages of homeowners who are in default.
According to the survey, 51% of respondents oppose using the bailout to help homeowners in trouble, while 43% support helping troubled homeowners.
David Lereah, a former chief economist at both the Mortgage Bankers Association and the National Association of Realtors, is president of Reecon Advisors, which has started publishing an online, weekly newspaper about residential real estate (www.reeconadvisoryreport.com).
Mr. Lereah said in a news release that the findings indicate that there are "significant political barriers to proposals ...
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Source: HighBeam Research, Survey Finds Resistance to Mortgage Bailout Plan.