Announcement

Collapse
No announcement yet.

Reducing mortgages by 100k with the stroke of a pen?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #31
    Re: Reducing mortgages by 100k with the stroke of a pen?

    That doesn't mean it was the majority of homeowners. I don't know personally of anyone that did that. Just because it happened, also, is not a valid reason for the FedReserve to damage the market severly.

    They knew how bad the money flow was after Sept. 11. I went to one of the largest movie theaters on a normally busy Saturday night less than two weeks after the attack and next to nobody was there (30 screen theater).

    Houses never went down unless the jobs tanked.

    Like sending them overseas ....

    The economy has basically been ignored for 7 years. Now a good portion of the country is banking on a guy who got 1 bill passed in the Senate.

    For the Republic of the Congo Diplomacy Act.

    Comment


    • #32
      Re: Reducing mortgages by 100k with the stroke of a pen?

      Originally posted by PlumBob View Post
      But in good time, our suited legislators will figure out that the socially responsible thing is for our Uncle Sam to just buy all the mortgages up and give the houses to the occupants.
      Originally posted by Wall Street Journal
      If markets continue to deteriorate, Fannie and Freddie may need to raise capital by selling shares to investors overseas and at home. There are signs that the Bush administration would welcome such a move as a way to give Fannie and Freddie more ability to support the mortgage market by buying or guaranteeing more home loans.
      From http://online.wsj.com/article/SB1205....html?mod=mktw

      Aurrrrgggghhhhhhh

      head:

      Comment


      • #33
        Re: Reducing mortgages by 100k with the stroke of a pen?

        SAT:
        I really hate to say this but ....if it seems too good to be true, it probably is. There has to be a catch in here.
        $100K off of a $300K mortgage? Why not take the full $300K off. Then nobody owes anything! Kind of like a Jubilee year!!! That also was too good to be true. But it was true nonetheless.

        Comment

        Working...
        X