US Government To Help Struggling Home Owners Pay Their Mortgage »
Posted By lovemorgul 7 months, 4 weeks ago in News
Homeowners in the United States are to benefit from a new agreement between the government and the mortgage industry. Under the deal, up to four million mortgage borrowers could see their repayments capped in an effort to halt a rise in repossessions.
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BlueAutumn_1989Comment removed: User banned.3 Replies
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BlueAutumn_1989Comment removed: User banned.
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tlsundancer7 months, 4 weeks ago
I dont understand if you get something on credit why as a tax payer should I make your payments for you?I dont want to see a family out in the cold either but why should i pay for someone who cant afford there house our get a new car.look how many children dont have enough to eat in our own country yet we feed and help companys like AIG put are tax money to good use.I live here on the eastern shore you should see the people working here all because the chicken plants dont want to pay a good wage.Iam 100 percent disabled and cant get no help from no one and live on less than 800 a month the goverment says I make to much money on ss,ok i quess ill tell them;me no speeck english'see how fast i get food stamps and medicial help for freeWe have all these empty stores around why dont someone make make shift housing for people who loose there homes and jobs give a man our woman a shovel and broom pay them put there tax money back in the goverment instead of a free hand out,what happened to living in the U.S.A. it used to mean something,
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feedupto2 months, 4 weeks ago
I,M SICK OF SOME PEOPLE WHO DO NOTHING BUT COMPLAIN ABOUT THE HOMEOWNERS HAVING TROUBLE!!! 1ST YOU DONT KNOW WHAT HAPPENED TO THAT HOMEOWNER WHO NOW CANT PAY HIS MORG.WHEN I BOUGHT MY HOME I COULD AFFORD IT.. ALOT THINGS CHANGED SINCE LIKE EVERYTHING HAS SKYROCKET GAS FOOD TAXES I GOT SICK HAD TO GO ON DISABILTY( NOT IN MY PLAN FOR THAT) I,VE OWNED A HOME MOST OF MY ADULT LIFE PAID MY TAXES RASIED A GOOD FAMILY. DID MY SHARE OF CHARITY WORK FOR WHO EVER WAS IN NEED.HAD 2 SONS GO TO WAR LOST 1, SO BEFORE YOU OPEN YOUR MOUTH AND MAYBE YOU SHOULD NOT GENERALIZE ALL US HOMOWNERS YOU SHOULD KNOW THE FACTS THIS COUNTRY HAS HELPED JUST ABOUT EVERY COUNTRY IT TIME TO TAKE CARE OF OUR OWN.
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danielnippert7 months, 4 weeks ago
Remember all the gas stations, one on every block and that was when gas was less then bottled water. Why all the banks? You know there are a lot of restaurants and retail stores out there that have come and gone why can't banks, lending companies. Think back to Bush 1.
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danielnippert7 months, 4 weeks ago
You mean last year I could have gone out and got a loan I could never have dreamed to pay off and this year the government would help me stay in it? Marvelous. It's sad. People may have to down size and accept unemployment checks and cut back and those mortgage companies should have required unemployment insurance, maybe, maybe what to do? Get people jobs, (CCC) enforce laws that took years to create i.e., bankruptcies. Let the system work, make the corrupt pay. Housing values were out of control and folks should be educated and helped by not getting into $600,000 homes when they can only afford a $300,000 home, gee too bad. I'm done I'm sorry... help everyone even the good, the bad and the ugly, which includes me.
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reallypsst7 months, 4 weeks ago
what the hell are you talking about the tax you pay doesn't even come close to what is spent to help people keep their homes and stabilize the market in their community, if your going to sputter your frustration start with your greedy politicians the government has been taking billions from our taxes for years and social security and squandered it. You would be amazed on how much money is been taking by government under the table just look at the military for one remember the abrams tank just one of their pet projects. how about the budget to maintain one senator or congressman and his family billions go unaccounted in bs research programs so start your fact finding but target the elite not the very people who are the sheep in this mayham!
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Justice4All7 months, 4 weeks ago
So tell us why we should pay the house payments for other people? Especially those of us who do not own homes?
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BlueAutumn_1989Comment removed: User banned.1 Reply
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jumpmaster7 months, 4 weeks ago
This is great news. I need to refinance my home with a loan that I cannot afford so I can get in on this action. Cool.
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oakmont7 months, 4 weeks ago
These know it all arm chair experts are obviously unaware that there are millions of investors who did not buy homes to get rich, but to use for their retirement programs instead of investing in the stock market. Some have 4 and 5 house that will go into foreclosure when the payments double. They were told that they could refinance the "low start rate" loans when it came time for the payments to double. They planned on at least a small amount of equity growth to cover the negative cash flow that would come due in the way of payments. They used these properties...not for a get rich quick scheme....but in a way that others use their IRA accounts, in that the increased equity would be there for their retirement. They are providing and paying out of pocket for housing that cannot be sold, some of them just not to put their tenants out into the streets, especially those hardshipped enough to not be able to rent from other people! Some of these people entered into these loans with a direct exit plan and not to get rich quick, not to be over their heads, etc, but part of what would have been a very good investment plan if the government would not have gotten involved and really screwed it up. Yes, you people out there, some of these over-encumbered jerks you speak about could be your grandmother and grandfather, aunts and uncles who used real estate over the last 20 years as a way to survive, and yes, borrow against the equity when things got tough, and yes signed up for programs that could have come to trouble if they could not refinance the loans in the 5 year period, etc. Having been promised that if they kept all payments current at all times they were "guaranteed" to be able to have the loans rewritten, many of "US" , yes, us, had gone ahead with our "retirement" plan as we all know that we CANNOT LIVE ON SOCIAL SECURITY. Then the government will bail out all the others, but what about the ones with second homes and ones where their tenants will be out in the streets..i.e. investment properties which will be the next wave of foreclosure in the future as these bad loans come to fruition with no way to rewrite them. signed 67 in Fl.
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oakmont7 months, 4 weeks ago
These know it all arm chair experts are obviously unaware that there are millions of investors who did not buy homes to get rich, but to use for their retirement programs instead of investing in the stock market. Some have 4 and 5 house that will go into foreclosure when the payments double. They were told that they could refinance the "low start rate" loans when it came time for the payments to double. They planned on at least a small amount of equity growth to cover the negative cash flow that would come due in the way of payments. They used these properties...not for a get rich quick scheme....but in a way that others use their IRA accounts, in that the increased equity would be there for their retirement. They are providing and paying out of pocket for housing that cannot be sold, some of them just not to put their tenants out into the streets, especially those hardshipped enough to not be able to rent from other people! Some of these people entered into these loans with a direct exit plan and not to get rich quick, not to be over their heads, etc, but part of what would have been a very good investment plan if the government would not have gotten involved and really screwed it up. Yes, you people out there, some of these over-encumbered jerks you speak about could be your grandmother and grandfather, aunts and uncles who used real estate over the last 20 years as a way to survive, and yes, borrow against the equity when things got tough, and yes signed up for programs that could have come to trouble if they could not refinance the loans in the 5 year period, etc. Having been promised that if they kept all payments current at all times they were "guaranteed" to be able to have the loans rewritten, many of "US" , yes, us, had gone ahead with our "retirement" plan as we all know that we CANNOT LIVE ON SOCIAL SECURITY. Then the government will bail out all the others, but what about the ones with second homes and ones where their tenants will be out in the streets..i.e. investment properties which will be the next wave of foreclosure in the future as these bad loans come to fruition with no way to rewrite them. signed 67 in Fl.
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Justice4All7 months, 4 weeks ago
Taxpayers have rights too! I don't care why someone bought 4 or 5 homes. What I care about is why I should have to bail them out.
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My stocks went down last month so should the other taxpayers bail me out?
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knkprinting7 months, 4 weeks ago
Honesty, Integrity, not in our Government. I am flabbergasted and really find it hard to address any one issue since the whole system has been corupted.
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700 Billion bail out. Who got fired for screwing up the mortgage market by allowing ARMS and stated income financing. What plans are there for alternative fuels... This subject is only discussed when there are lines to get gas and when prices soar.
Unbelievable
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rdelmorejr-287 months, 4 weeks ago
So, all us home owners that signed for the 20% down and the 30 year fixed receiver "0" and those that got "0" down and sub prime loans for several years are now asking for someone to bail them out. Where did all the money go when they had low payments for several years. Or the ones that refinanced after a year or so, borrowing more money against the home. Where did that money go?
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jumpmaster7 months, 4 weeks ago
Where did that money go?
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Boats, SUV's, vacations, entertainment, etc, etc.
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gmolurus7 months, 4 weeks ago
People who buy multiple houses as an investment need to be prepared to lose. A standard rule of investing is not to invest what you cant afford to lose. A lot of people who have multiple homes also have overextended themselves in many other ways; driving an Escalade when a Suburban would do just fine, I live WITHIN MY MEANS, a lesson that many are now going to be forced to learn. My money should not go to help pay for someones lack of forethought on an investment, or their boat or summer getaway
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craigcvngtn7 months, 4 weeks ago
You people in power make me sick. Why don't you try living on the common man's salary for a while. You pay more in taxes than most of us working people make in 5 years. Do you realize what the poverty level salary is? NO, because you don't care.
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onlyonesecret7 months, 4 weeks ago
If enough of us learn about the fraudulent banking system our loans could be forgiven or discharged.
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DeeCarthage7 months, 4 weeks ago
Are youpeople reading something Im not it says the government is considering capping the morgage payments so they cant cheat people out of more money it doesnt say anything about any of you or any one else paying any ones payments. So you dont think someone could be tricked into a bad loan with complicated stacks of paper work to go through but you get confused over a simple paraghraph.
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seankovali7 months, 4 weeks ago
everybody could afford it untill the goverment raped us and blew are monet pricks
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rainsong127 months, 3 weeks ago
I am a good person and I am in danger of losing my home. The place that gave me a job when I graduated from a university three and a half years ago is now out of business. I am now in graduate school so that I can get a more secure job. I will be done next summer, but in the meantime, I am having a very difficult time paying the bills and taking care of my kids. Without a spouse, it is hard to make any headway. People who are part of a couple have a much easier time. I know, because been there and wish I was there again. A little help from anywhere is greatly appreciated and I am sorry that some people work the system, but that is not me.
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timada3 months, 1 week ago
It would be the time for the government to help people paying their mortgages. This worldwide crises affected us as well and the mortgage became a real head ache. I am planning to find a good mortgage calculator and ask for a refinance. Don't know though if it's a good time to do it.
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