banks permanently write down the amount owed on some mortgages???

[fsbo]

‘Bank of America …agreed to permanently write down the amount owed on some mortgages’
‘Chase would also offer modifications … it might offer to temporarily reduce interest rates to as low as 2 percent and calculate payments on a reduced loan balance for a few years.’

[kewp]

Talk about a moral hazard!

Why shouldn’t everybody get a writedown?

Why shouldn’t first time buyers get comped a down payment from the bank?

[kewp]

Talk about a moral hazard!

Why shouldn’t everybody get a writedown?

Why shouldn’t first time buyers get comped a down payment from the bank?

[kewp]

Talk about a moral hazard!

Why shouldn’t everybody get a writedown?

Why shouldn’t first time buyers get comped a down payment from the bank?

[kewp]

Talk about a moral hazard!

Why shouldn’t everybody get a writedown?

Why shouldn’t first time buyers get comped a down payment from the bank?

[kewp]

Talk about a moral hazard!

Why shouldn’t everybody get a writedown?

Why shouldn’t first time buyers get comped a down payment from the bank?

[The OC Scam]

I have decided everyday to call my federal bank and ask why I’m not getting money just because I’m making my payments on time and put down 20%.

This is total BS I’m so pissed about this loan shit its driving me crazy.

The other day a Distant family member of mine who bought a horse crap house during 2006 was complaining because their bank has reduced their interest rate and principle amount 10% but they are still going to walk away.

What the hell are we teaching this generation and the next to come and why the F should I keep making my payment when the bank tells me they can reduce my interest rate and principle if I only become delinquent. Oh by the way I have to stick to the plan because I make to much money and put to much money down….I should have put the bare minimum down and quit my job ..looking back now!!

Cheers to America

[The OC Scam]

I have decided everyday to call my federal bank and ask why I’m not getting money just because I’m making my payments on time and put down 20%.

This is total BS I’m so pissed about this loan shit its driving me crazy.

The other day a Distant family member of mine who bought a horse crap house during 2006 was complaining because their bank has reduced their interest rate and principle amount 10% but they are still going to walk away.

What the hell are we teaching this generation and the next to come and why the F should I keep making my payment when the bank tells me they can reduce my interest rate and principle if I only become delinquent. Oh by the way I have to stick to the plan because I make to much money and put to much money down….I should have put the bare minimum down and quit my job ..looking back now!!

Cheers to America

[The OC Scam]

I have decided everyday to call my federal bank and ask why I’m not getting money just because I’m making my payments on time and put down 20%.

This is total BS I’m so pissed about this loan shit its driving me crazy.

The other day a Distant family member of mine who bought a horse crap house during 2006 was complaining because their bank has reduced their interest rate and principle amount 10% but they are still going to walk away.

What the hell are we teaching this generation and the next to come and why the F should I keep making my payment when the bank tells me they can reduce my interest rate and principle if I only become delinquent. Oh by the way I have to stick to the plan because I make to much money and put to much money down….I should have put the bare minimum down and quit my job ..looking back now!!

Cheers to America

[The OC Scam]

I have decided everyday to call my federal bank and ask why I’m not getting money just because I’m making my payments on time and put down 20%.

This is total BS I’m so pissed about this loan shit its driving me crazy.

The other day a Distant family member of mine who bought a horse crap house during 2006 was complaining because their bank has reduced their interest rate and principle amount 10% but they are still going to walk away.

What the hell are we teaching this generation and the next to come and why the F should I keep making my payment when the bank tells me they can reduce my interest rate and principle if I only become delinquent. Oh by the way I have to stick to the plan because I make to much money and put to much money down….I should have put the bare minimum down and quit my job ..looking back now!!

Cheers to America

[The OC Scam]

I have decided everyday to call my federal bank and ask why I’m not getting money just because I’m making my payments on time and put down 20%.

This is total BS I’m so pissed about this loan shit its driving me crazy.

The other day a Distant family member of mine who bought a horse crap house during 2006 was complaining because their bank has reduced their interest rate and principle amount 10% but they are still going to walk away.

What the hell are we teaching this generation and the next to come and why the F should I keep making my payment when the bank tells me they can reduce my interest rate and principle if I only become delinquent. Oh by the way I have to stick to the plan because I make to much money and put to much money down….I should have put the bare minimum down and quit my job ..looking back now!!

Cheers to America

[Anonymous]

I couldn’t agree more. It makes me so angry to see people be able to get out of their obligations so easily. When I graduated from college, I bought a house within my means and have made every payment on time. When the rates fell a few years ago, I refinanced into a lower, fixed rate. Meanwhile, my contemporaries were buying beyond their means and betting on their rising income. Now they’re getting their rates reduced to levels below mine. How is that fair? I’m the sucker. I should’ve done the same and I too could get a free ride.

[Anonymous]

I couldn’t agree more. It makes me so angry to see people be able to get out of their obligations so easily. When I graduated from college, I bought a house within my means and have made every payment on time. When the rates fell a few years ago, I refinanced into a lower, fixed rate. Meanwhile, my contemporaries were buying beyond their means and betting on their rising income. Now they’re getting their rates reduced to levels below mine. How is that fair? I’m the sucker. I should’ve done the same and I too could get a free ride.

[Anonymous]

I couldn’t agree more. It makes me so angry to see people be able to get out of their obligations so easily. When I graduated from college, I bought a house within my means and have made every payment on time. When the rates fell a few years ago, I refinanced into a lower, fixed rate. Meanwhile, my contemporaries were buying beyond their means and betting on their rising income. Now they’re getting their rates reduced to levels below mine. How is that fair? I’m the sucker. I should’ve done the same and I too could get a free ride.

[Anonymous]

I couldn’t agree more. It makes me so angry to see people be able to get out of their obligations so easily. When I graduated from college, I bought a house within my means and have made every payment on time. When the rates fell a few years ago, I refinanced into a lower, fixed rate. Meanwhile, my contemporaries were buying beyond their means and betting on their rising income. Now they’re getting their rates reduced to levels below mine. How is that fair? I’m the sucker. I should’ve done the same and I too could get a free ride.

[Author]

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