Obama uses a warped logic of federal noblesse oblige to dispense a bag full of goodies from tuition tax credits, to a mortgage refinancing credit, to public works projects.
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"Other financial tools such as credit guarantee or debt refinancing funds are needed to assist companies to operate, " suggests Dr Doanh.
Even borrowers with good credit can have trouble refinancing student loans.
Right now even companies with great credit histories are facing challenges refinancing at what are historically low rates.
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They'll continue to push sales of interest-only refinancing loans, home equity lines of credit, as well as venture into other consumer-lending activities to soften the sting of falling revenue from making mortgage loans.
There should be no surprise that many borrowers with good credit are finding resistance from banks to refinancing today.
What liquidity they have is being jealously hoarded, partly out of distrust of one another, but mostly in anticipation of refinancing requirements on bonds that they issued with abandon in the credit boom.
The CFPB admonishes consumers to consider alternatives to a reverse mortgage: refinancing a traditional mortgage, opening a home equity line of credit (or HELOC), applying for property tax credits or property tax deferral programs, downsizing or moving in with relatives.
Refinancing these is becoming harder and putting strain on local banks and credit availability.
The biggest concern, for both credit analysts and traders, is that Landesbanks will have trouble refinancing themselves after 2005.
For instance, refinancing your mortgage to a lower rate may improve your finances, but it also will cause credit inquiries to show up on your report, which could lower your score.
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Individuals should try to improve their personal credit ratings, such as by paying down debt, and locking into attractive financial terms for refinancing or new purchases.
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Lending Tree might not be willing to out the bad guys, but I do give it credit for a function on its site that enables customers to compare the various components of their refinancing offers side-by-side.
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Income, asset and credit documentation requirements are rigorous, having a second mortgage or a Home Equity Line of Credit, condo or co-op ownership or unrealistic value expectations can add unforeseen land mines to the refinancing process.
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