« Back to story "$1Billion Budget - Answer to Foreclosure Dilemma"

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Posted By altnrg 1 year ago in News
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As federal agencies failed to make a plan to resolve the housing crisis, founder of RJL Holdings and Black Entertainment Television came up with an idea to solve the foreclosure dilemma.

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    myfairlady1 year ago

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    Many of the home mortgages did not stick with original lenders.

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      nostalgia1 year ago

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      If they refinanced with another lender what difference does that make if they still can't afford to make the payments?

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      nostalgia1 year ago

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      FTA:
      According to head of the Treasury Department’s Office of the Comptroller of Currency nearly half of the borrowers missed their payments again six months after they modified their loan term, an event that only proves Johnson’s statement that no one is acting to deter foreclosures.

      If borrowers modified their loan and 6 months later missed payments, how will Johnson's plan help?? If loans are modified and borrowers still can't pay, Johnson's plan won't help them

      $1 billion is a drop in the bucket
      Home prices have to fall to the point where the middle class can afford them.
      All of the "prevention" money is going to be thrown down the rat hole

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        danielistical1 year ago

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        The banks are laughing at the american taxpayer all the way to the post office to mail out the bankrupcy and foreclosesure notices to the people who lent them money....

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          danielistical1 year ago

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          The banks are laughing at the american taxpayer all the way to the post office to mail out the bankruptcy and foreclosure notices to the people who lent them money to bail them out

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