I heard someone say it was about 5% of all outstanding mortgages in the US,
but I don't know if that is accurate or not.

On Wed, Oct 1, 2008 at 4:33 PM, Maureen wrote:

> I don't think anyone knows where the 700 billion dollar number
> originated.  Someone at Treasury was quoted as saying "we just wanted
> a really big number".  The actual wording of the bill says UP TO 700
> Billion, so it not like it will all be disbursed at once.
>
>


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