Why not allow ANY home owner to draw from his/her own 401k or IRA? Until now people are penalized 10% for pulling their money out early. And if laws were passed to treat pulling money out to pay down debt as rolling over their own investment funds (defer taxes) there would be millions looking to pay down debt and far fewer homeowners defaulting!
There is no economic recovery without a housing recovery. From data on new housing starts to reports of existing home sales, reporter Meg Handley digs deeper into the latest news and numbers driving the housing market.
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John W of CA 10:01PM February 01, 2012