- This topic has 60 replies, 8 voices, and was last updated 16 years, 11 months ago by
rocket science.
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December 14, 2007 at 10:38 AM #11203December 14, 2007 at 10:44 AM #116899
Raybyrnes
ParticipantThis seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.
December 14, 2007 at 10:44 AM #117106ParticipantThis seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.
December 14, 2007 at 10:44 AM #117120ParticipantThis seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.
December 14, 2007 at 10:44 AM #117063ParticipantThis seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.
December 14, 2007 at 10:44 AM #117029ParticipantThis seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.
December 14, 2007 at 10:50 AM #117110kev374
Participantyeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.
December 14, 2007 at 10:50 AM #117068Participantyeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.
December 14, 2007 at 10:50 AM #117126Participantyeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.
December 14, 2007 at 10:50 AM #117034Participantyeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.
December 14, 2007 at 10:50 AM #116903Participantyeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.
December 14, 2007 at 10:58 AM #117039Participantkev374
“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”
I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.
But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.
I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.
Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.
December 14, 2007 at 10:58 AM #117129Participantkev374
“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”
I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.
But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.
I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.
Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.
December 14, 2007 at 10:58 AM #117072Participantkev374
“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”
I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.
But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.
I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.
Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.
December 14, 2007 at 10:58 AM #116908Participantkev374
“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”
I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.
But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.
I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.
Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.
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