but many kids learn from their parents and many citizens learn from the feds I guess............its OK to borrow, borrow, borrow
someday the whatevr will come home to roost....sorry, long day cant think straight right now
but many kids learn from their parents and many citizens learn from the feds I guess............its OK to borrow, borrow, borrow
someday the whatevr will come home to roost....sorry, long day cant think straight right now
but many kids learn from their parents and many citizens learn from the feds I guess............its OK to borrow, borrow, borrow
someday the whatevr will come home to roost....sorry, long day cant think straight right now
is this factual Slim?
if it is I am feeling kinda queasy
Ths is simular to the article I read serveral month ago ,,even though in was in June 2010 ,,I'm sure it is worse now.....
is this factual Slim?
if it is I am feeling kinda queasy
Ths is simular to the article I read serveral month ago ,,even though in was in June 2010 ,,I'm sure it is worse now.....
Home prices are not going up any time in the near future..no jobs .no money to buy homes ..no jobs more homes underwater ..
What we really need to do is give tax credits to these underwater home owners, reduce their principle,offer them lower interest rates and give them a one year moratorium on their house payments ..till at least after November 6th 2011..so they can continue to buy stuff and live the American dream ....
Home prices are not going up any time in the near future..no jobs .no money to buy homes ..no jobs more homes underwater ..
What we really need to do is give tax credits to these underwater home owners, reduce their principle,offer them lower interest rates and give them a one year moratorium on their house payments ..till at least after November 6th 2011..so they can continue to buy stuff and live the American dream ....
Home prices are not going up any time in the near future..no jobs .no money to buy homes ..no jobs more homes underwater ..
What we really need to do is give tax credits to these underwater home owners, reduce their principle,offer them lower interest rates and give them a one year moratorium on their house payments ..till at least after November 6th 2011..so they can continue to buy stuff and live the American dream ....
Home prices are not going up any time in the near future..no jobs .no money to buy homes ..no jobs more homes underwater ..
What we really need to do is give tax credits to these underwater home owners, reduce their principle,offer them lower interest rates and give them a one year moratorium on their house payments ..till at least after November 6th 2011..so they can continue to buy stuff and live the American dream ....
Perhaps you should re-read my initial comments. I certainly did not advocate for major government involvement.
I am suggesting that the government can do things that will reduce foreclosures.
Notice why you didn't respond to my assertion on those? Do you know why that is?
Perhaps you should re-read my initial comments. I certainly did not advocate for major government involvement.
I am suggesting that the government can do things that will reduce foreclosures.
Notice why you didn't respond to my assertion on those? Do you know why that is?
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
everyone assumes the value of the home will be infinite - well guess what it rises and falls just like any commodity
If you bought high and have to sell low that's the breaks..........sometimes this happens to venture capitalists on a deal that doesnt pan out and they have to bail and take a loss.
Welcome to fucking real world
we cant go through life sucking on the Feds tit....as much as all our elected leaders want us to
everyone assumes the value of the home will be infinite - well guess what it rises and falls just like any commodity
If you bought high and have to sell low that's the breaks..........sometimes this happens to venture capitalists on a deal that doesnt pan out and they have to bail and take a loss.
Welcome to fucking real world
we cant go through life sucking on the Feds tit....as much as all our elected leaders want us to
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
Banks have an incentive to avoid foreclosures just as every one. As I said yesterday, the key is finding a proper middle ground that allows banks to profit for the risk of lending while creating an affordable payment.
Everyone is at risk of a situation where they could be facing foreclosure. Every single one of us. In responding to your post 39, it is a risk, the difference being that there are methods that reduce the damage created when it can be done. There are certain situations where there is no hope and nothing that can be saved, but the plan that the President was talking about is in those cases when mortgage payments can be reduced, houses can remain intact, and assets don't have to be lost.
wall
what incentive does a bank have to
1) refi at lower interest rates on under water mortgages if they are to assume all the risk
2) be taxed by the feds to pay for the program
Banks have an incentive to avoid foreclosures just as every one. As I said yesterday, the key is finding a proper middle ground that allows banks to profit for the risk of lending while creating an affordable payment.
Everyone is at risk of a situation where they could be facing foreclosure. Every single one of us. In responding to your post 39, it is a risk, the difference being that there are methods that reduce the damage created when it can be done. There are certain situations where there is no hope and nothing that can be saved, but the plan that the President was talking about is in those cases when mortgage payments can be reduced, houses can remain intact, and assets don't have to be lost.
The market was certainly overvalued years ago..that is one of the reasons we are here now. Now it is undervalued, creating the exact oppoiste affect, but destroying those who relied upon the market. I am not suggesting they be made whole, far from it. I am saying that we are continuing to damage the economy by doing nothing. As goes housing goes the economy.
The market was certainly overvalued years ago..that is one of the reasons we are here now. Now it is undervalued, creating the exact oppoiste affect, but destroying those who relied upon the market. I am not suggesting they be made whole, far from it. I am saying that we are continuing to damage the economy by doing nothing. As goes housing goes the economy.
I am all for things rebounding, housing prices stabalizing, people finding work and all that.
My point is that the banks arent going to sign up for a program if they are holding all the risk. If the Feds (you and I) assume the risk the banks will be more inclined to sign up. And for the feds to take the risk the feds want to tax them to pay for the program.
The guys on Wallstreet and at the banks have short memories.....as in "what bail out?" and dont need the Feds at this point like they did during the meltdown- we already gave the banks our money.
sigh.....nothing is easy
I am all for things rebounding, housing prices stabalizing, people finding work and all that.
My point is that the banks arent going to sign up for a program if they are holding all the risk. If the Feds (you and I) assume the risk the banks will be more inclined to sign up. And for the feds to take the risk the feds want to tax them to pay for the program.
The guys on Wallstreet and at the banks have short memories.....as in "what bail out?" and dont need the Feds at this point like they did during the meltdown- we already gave the banks our money.
sigh.....nothing is easy
I am all for things rebounding, housing prices stabalizing, people finding work and all that.
My point is that the banks arent going to sign up for a program if they are holding all the risk. If the Feds (you and I) assume the risk the banks will be more inclined to sign up. And for the feds to take the risk the feds want to tax them to pay for the program.
The guys on Wallstreet and at the banks have short memories.....as in "what bail out?" and dont need the Feds at this point like they did during the meltdown- we already gave the banks our money.
sigh.....nothing is easy
Well, this goes to what I said yesterday. Banks have always assumed the risk, the difference is that they were bailed out for that risk assumption.
Keeping in mind they were assuming risks at 6-7% mortgages for people who clearly could not afford them. Now, they can reduce interest rates, and look at the purchase item as opposed to a rubber stamp.
If the numbers don't add up, the program isn't for you. If the house can be saved by lowering initerest rates and preventing a foreclosure, then it does.
I am all for things rebounding, housing prices stabalizing, people finding work and all that.
My point is that the banks arent going to sign up for a program if they are holding all the risk. If the Feds (you and I) assume the risk the banks will be more inclined to sign up. And for the feds to take the risk the feds want to tax them to pay for the program.
The guys on Wallstreet and at the banks have short memories.....as in "what bail out?" and dont need the Feds at this point like they did during the meltdown- we already gave the banks our money.
sigh.....nothing is easy
Well, this goes to what I said yesterday. Banks have always assumed the risk, the difference is that they were bailed out for that risk assumption.
Keeping in mind they were assuming risks at 6-7% mortgages for people who clearly could not afford them. Now, they can reduce interest rates, and look at the purchase item as opposed to a rubber stamp.
If the numbers don't add up, the program isn't for you. If the house can be saved by lowering initerest rates and preventing a foreclosure, then it does.
I see what your saying dj and agree
Unfortunatley for some they are probablygoing to lose their house which isnt the desired result but someone making $2500 month cant afford a $2000 a month mortgage.....couldnt from day #1
I see what your saying dj and agree
Unfortunatley for some they are probablygoing to lose their house which isnt the desired result but someone making $2500 month cant afford a $2000 a month mortgage.....couldnt from day #1
Banks have an incentive to avoid foreclosures just as every one. As I said yesterday, the key is finding a proper middle ground that allows banks to profit for the risk of lending while creating an affordable payment.
Everyone is at risk of a situation where they could be facing foreclosure. Every single one of us. In responding to your post 39, it is a risk, the difference being that there are methods that reduce the damage created when it can be done. There are certain situations where there is no hope and nothing that can be saved, but the plan that the President was talking about is in those cases when mortgage payments can be reduced, houses can remain intact, and assets don't have to be lost.
Banks have an incentive to avoid foreclosures just as every one. As I said yesterday, the key is finding a proper middle ground that allows banks to profit for the risk of lending while creating an affordable payment.
Everyone is at risk of a situation where they could be facing foreclosure. Every single one of us. In responding to your post 39, it is a risk, the difference being that there are methods that reduce the damage created when it can be done. There are certain situations where there is no hope and nothing that can be saved, but the plan that the President was talking about is in those cases when mortgage payments can be reduced, houses can remain intact, and assets don't have to be lost.
The market was certainly overvalued years ago..that is one of the reasons we are here now. Now it is undervalued, creating the exact oppoiste affect, but destroying those who relied upon the market. I am not suggesting they be made whole, far from it. I am saying that we are continuing to damage the economy by doing nothing. As goes housing goes the economy.
The market was certainly overvalued years ago..that is one of the reasons we are here now. Now it is undervalued, creating the exact oppoiste affect, but destroying those who relied upon the market. I am not suggesting they be made whole, far from it. I am saying that we are continuing to damage the economy by doing nothing. As goes housing goes the economy.
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