- This topic has 40 replies, 8 voices, and was last updated 16 years, 9 months ago by
Ash Housewares.
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February 21, 2008 at 2:03 PM #11883February 21, 2008 at 4:41 PM #157262
bubba99
ParticipantRead the attached link, and I cannot believe it.
What are these folks smoking. The article is short on details like what is a negative equity certificate?, does it get larger as the morgages gets further underwater?, How does any principal or interest get paid on a negative equity certificate?, Does the FHA guarantee the negitive equity cert?, and . . .
The only thing that is sure is that we the tax payers are left holding the bag for this certificate if it gets created.
February 21, 2008 at 4:41 PM #157552ParticipantRead the attached link, and I cannot believe it.
What are these folks smoking. The article is short on details like what is a negative equity certificate?, does it get larger as the morgages gets further underwater?, How does any principal or interest get paid on a negative equity certificate?, Does the FHA guarantee the negitive equity cert?, and . . .
The only thing that is sure is that we the tax payers are left holding the bag for this certificate if it gets created.
February 21, 2008 at 4:41 PM #157567ParticipantRead the attached link, and I cannot believe it.
What are these folks smoking. The article is short on details like what is a negative equity certificate?, does it get larger as the morgages gets further underwater?, How does any principal or interest get paid on a negative equity certificate?, Does the FHA guarantee the negitive equity cert?, and . . .
The only thing that is sure is that we the tax payers are left holding the bag for this certificate if it gets created.
February 21, 2008 at 4:41 PM #157575ParticipantRead the attached link, and I cannot believe it.
What are these folks smoking. The article is short on details like what is a negative equity certificate?, does it get larger as the morgages gets further underwater?, How does any principal or interest get paid on a negative equity certificate?, Does the FHA guarantee the negitive equity cert?, and . . .
The only thing that is sure is that we the tax payers are left holding the bag for this certificate if it gets created.
February 21, 2008 at 4:41 PM #157647ParticipantRead the attached link, and I cannot believe it.
What are these folks smoking. The article is short on details like what is a negative equity certificate?, does it get larger as the morgages gets further underwater?, How does any principal or interest get paid on a negative equity certificate?, Does the FHA guarantee the negitive equity cert?, and . . .
The only thing that is sure is that we the tax payers are left holding the bag for this certificate if it gets created.
February 21, 2008 at 9:29 PM #157380cr
ParticipantDon’t worry guys, Obama will come to the rescuse with his gifts to the poor housing plan.
All I can say is welcome to Socialism my friends. Elect Obama and it will only get worse. Unless of course you spend more money than you make, have a house you can’t afford and like paying higher taxes to support people too lazy to get jobs, and drive BMW’s to schools to drop their free lunch eating children.
February 21, 2008 at 9:29 PM #157766ParticipantDon’t worry guys, Obama will come to the rescuse with his gifts to the poor housing plan.
All I can say is welcome to Socialism my friends. Elect Obama and it will only get worse. Unless of course you spend more money than you make, have a house you can’t afford and like paying higher taxes to support people too lazy to get jobs, and drive BMW’s to schools to drop their free lunch eating children.
February 21, 2008 at 9:29 PM #157693ParticipantDon’t worry guys, Obama will come to the rescuse with his gifts to the poor housing plan.
All I can say is welcome to Socialism my friends. Elect Obama and it will only get worse. Unless of course you spend more money than you make, have a house you can’t afford and like paying higher taxes to support people too lazy to get jobs, and drive BMW’s to schools to drop their free lunch eating children.
February 21, 2008 at 9:29 PM #157671ParticipantDon’t worry guys, Obama will come to the rescuse with his gifts to the poor housing plan.
All I can say is welcome to Socialism my friends. Elect Obama and it will only get worse. Unless of course you spend more money than you make, have a house you can’t afford and like paying higher taxes to support people too lazy to get jobs, and drive BMW’s to schools to drop their free lunch eating children.
February 21, 2008 at 9:29 PM #157685ParticipantDon’t worry guys, Obama will come to the rescuse with his gifts to the poor housing plan.
All I can say is welcome to Socialism my friends. Elect Obama and it will only get worse. Unless of course you spend more money than you make, have a house you can’t afford and like paying higher taxes to support people too lazy to get jobs, and drive BMW’s to schools to drop their free lunch eating children.
February 21, 2008 at 9:41 PM #157776stansd
ParticipantI’ll go on record saying this is the first good bailout idea I’ve seen. It will lubricate the market by allowing the banks to tap into some of the potential value they are giving up by writing down a loan. Why should a home buyer who got in over his or her head get a payment break now because they can’t afford it and have the potential to reap a large gain down the road.
This increases the odds of a workout and also prevents a maverick borrower from excercising a put option from the bank while reaping all the upside.
I think it’s a great idea-good for all. Too many on this board are out for pain in the market and pain for individuals with impunity. If there is a reasonable economic solution for all, it should be pursued.
Where I do part company, however, is the part where the government buys the loan. I think the negative equity certificate is a nice idea to help the banks work things out., but that the government should avoid a bailout of the loan itself-nanny state versus market innovation.
Stan
February 21, 2008 at 9:41 PM #157704ParticipantI’ll go on record saying this is the first good bailout idea I’ve seen. It will lubricate the market by allowing the banks to tap into some of the potential value they are giving up by writing down a loan. Why should a home buyer who got in over his or her head get a payment break now because they can’t afford it and have the potential to reap a large gain down the road.
This increases the odds of a workout and also prevents a maverick borrower from excercising a put option from the bank while reaping all the upside.
I think it’s a great idea-good for all. Too many on this board are out for pain in the market and pain for individuals with impunity. If there is a reasonable economic solution for all, it should be pursued.
Where I do part company, however, is the part where the government buys the loan. I think the negative equity certificate is a nice idea to help the banks work things out., but that the government should avoid a bailout of the loan itself-nanny state versus market innovation.
Stan
February 21, 2008 at 9:41 PM #157695ParticipantI’ll go on record saying this is the first good bailout idea I’ve seen. It will lubricate the market by allowing the banks to tap into some of the potential value they are giving up by writing down a loan. Why should a home buyer who got in over his or her head get a payment break now because they can’t afford it and have the potential to reap a large gain down the road.
This increases the odds of a workout and also prevents a maverick borrower from excercising a put option from the bank while reaping all the upside.
I think it’s a great idea-good for all. Too many on this board are out for pain in the market and pain for individuals with impunity. If there is a reasonable economic solution for all, it should be pursued.
Where I do part company, however, is the part where the government buys the loan. I think the negative equity certificate is a nice idea to help the banks work things out., but that the government should avoid a bailout of the loan itself-nanny state versus market innovation.
Stan
February 21, 2008 at 9:41 PM #157681ParticipantI’ll go on record saying this is the first good bailout idea I’ve seen. It will lubricate the market by allowing the banks to tap into some of the potential value they are giving up by writing down a loan. Why should a home buyer who got in over his or her head get a payment break now because they can’t afford it and have the potential to reap a large gain down the road.
This increases the odds of a workout and also prevents a maverick borrower from excercising a put option from the bank while reaping all the upside.
I think it’s a great idea-good for all. Too many on this board are out for pain in the market and pain for individuals with impunity. If there is a reasonable economic solution for all, it should be pursued.
Where I do part company, however, is the part where the government buys the loan. I think the negative equity certificate is a nice idea to help the banks work things out., but that the government should avoid a bailout of the loan itself-nanny state versus market innovation.
Stan
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