Famed Investor Bill Gross Calls For Massive Taxpayer-Backed Mortgage Refinance Initiative
Posted in Blog Post on Aug 19th, 2010
Now this would be a change I could believe in: Bill Gross, who runs Pacific Investment Management Co.’s $239 billion Total Return Fund, said that policymakers “should quickly re-engineer” a plan that would refinance all non-delinquent mortgages backed by the federal government. The rate on a 30-year fixed-rate mortgage averaged a record-low 4.44 percent in [...]
