Mortgage Stimulus Packages

No industry has been helped more by the various economic stimulus packages than the real estate industry.

Add it all up, and $500 billion was committed in 2008 by the Bush Administration, and the Obama Administration chipped in another $275 billion in early 2009, not to mention the $1 trillion that was designated for buying up toxic assets (which are comprised primarily of sub-prime loans given to suspect borrowers, collateralized by overvalued real estate).

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