First Practical Plan by The Government To Fight Foreclosure Crisis »
Posted By altnrg 1 year, 1 month ago in News
A $50 billion plan, designed to guarantee over $500 billion default mortgages will certainly improve the chances of the government to save the nation from the bludgeoning of the foreclosure crisis.
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jwojdyloComment removed: Hard Banned
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altnrg1 year, 1 month ago
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GehlLady1 year, 1 month ago
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FTA: "On the other hand, the Treasury Department revealed that the “loan modification” details are not that accurate and that the Bush administration is focused in finding other ways to curb foreclosure"
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Are not that accurate?
As much as this sounds like great news since it comes out of the existing bailout money, I agree with altnrg. -
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Charlson1 year, 1 month ago
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"On the other hand, the Treasury Department revealed that the “loan modification” details are not that accurate and that the Bush administration is focused in finding other ways to curb foreclosure. "
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This is the caveat, that the Bush administration will do all it can to do as little as possible to help the homeowners. Their first and only priority is to the banks and mortgage companies. -
rwrnaeComment removed: Hard Banned
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PainGoddess1 year, 1 month ago
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Some of the companies that went east need to come back..so what if you have to pay an extra 10 cents for something....and get rid of the efficiency experts!!
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Give loans to those who have saved 10 to 15 % down.
Quit using other countries to produce our food. Can we realy trust them?-
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markmawn21 year, 1 month ago
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Unfortunately they are going to go FURTHER east. China is now suffering since Soccer moms are not buying as much crap. Next stop THAILAND.
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America is going to have a Cottage based economy in the future. The East cannot provide boutique services and products, only mass produced. They now have only to look forward to sell products to their growing wealthy population. Which means they better have better recycling and trash management.
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Tangent0011 year, 1 month ago
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Much of the mortgage crisis stemmed from deceptive practices of brokers and banks. A full 60% of sub-prime borrowers actually could have qualified for conventional loans, but were steered into sub-prime scenarios because they are more profitable for the lenders and brokers.
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I'm not saying the borrowers didn't have responsibility as well. -
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orndorffter1 year, 1 month ago
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Now that most have had foreclosure on their homes are screwed, most have no jobs because there is none. so tell me how this is going to help those people who lived and raised there children in that home, and then it became foreclosure on them after all this time people have lost the home they had worked all their life for,now just snached away from them. and has to start all over again. I hope it does work, but the ones who have already lost everything thats who I feel sorry for. Why couldnt they had done something before now? It would have saved a lot of heartache.
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orndorffter1 year, 1 month ago
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I know that we can not solve all the problems in this country, but if I just had as mush money as most the Billionair I would do all I could to help the people who needs it the most. and make sure that those who need it get the help they need. Even if I had $100.00 dollars I would do it, but God did not intend for me to have it.I guess I,d be rich wouldnt I? But I guess he has his reasons for everything.
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