California lenders agree to freeze rates

[JWM in SD]

Sorry, but this is really pissing me off and I have more to say about it.

Here is what Hank Paulson had to say today as well…”aggressively encouraging” the mortgage-service industry — which collects loan payments from borrowers — to develop criteria that would enable large groups of borrowers who might default on their payments to qualify for loans with better terms.”

Sound familiar? The problem with all of these assinine suggestions is that the problem is not with the terms. It’s the PRINCIPAL!!!!! Prices paid were beyond the ability of the borrowers to service the debt they incurred. Any workout of the debt structure in a loan that actually amortizes the principal cannot be afforded by the borrower in question in many cases. Ah yes, amortization schedules, anyone remember those? Hell, I used to build those for fun back in the day. Try asking for one now and watch the look on the brokers face.

[LA_Renter]

“this is really pissing me off”

Yea!

[LA_Renter]

“this is really pissing me off”

Yea!

[LA_Renter]

“this is really pissing me off”

Yea!

[LA_Renter]

“this is really pissing me off”

Yea!

[LA_Renter]

“this is really pissing me off”

Yea!

[Raybyrnes]

Stop discounting politics. We are going into an election year. I’m not saying I like that either but I don’t discount it. I don’t like a US dollar disintegrating but the reality is that it looks like we will probably see addional rate cuts.

Monetary policy today seems to be mimicing our stance on illegal aliens. We continue to say it is wrong but we continue to provide amnesty to the rule breakers. So as the saying goes, “better to ask for forgiveness than ask for permission.”

Sorry I overspent by 150K on my home but could you help me out.

[Raybyrnes]

Stop discounting politics. We are going into an election year. I’m not saying I like that either but I don’t discount it. I don’t like a US dollar disintegrating but the reality is that it looks like we will probably see addional rate cuts.

Monetary policy today seems to be mimicing our stance on illegal aliens. We continue to say it is wrong but we continue to provide amnesty to the rule breakers. So as the saying goes, “better to ask for forgiveness than ask for permission.”

Sorry I overspent by 150K on my home but could you help me out.

[Raybyrnes]

Stop discounting politics. We are going into an election year. I’m not saying I like that either but I don’t discount it. I don’t like a US dollar disintegrating but the reality is that it looks like we will probably see addional rate cuts.

Monetary policy today seems to be mimicing our stance on illegal aliens. We continue to say it is wrong but we continue to provide amnesty to the rule breakers. So as the saying goes, “better to ask for forgiveness than ask for permission.”

Sorry I overspent by 150K on my home but could you help me out.

[Raybyrnes]

Stop discounting politics. We are going into an election year. I’m not saying I like that either but I don’t discount it. I don’t like a US dollar disintegrating but the reality is that it looks like we will probably see addional rate cuts.

Monetary policy today seems to be mimicing our stance on illegal aliens. We continue to say it is wrong but we continue to provide amnesty to the rule breakers. So as the saying goes, “better to ask for forgiveness than ask for permission.”

Sorry I overspent by 150K on my home but could you help me out.

[Raybyrnes]

Stop discounting politics. We are going into an election year. I’m not saying I like that either but I don’t discount it. I don’t like a US dollar disintegrating but the reality is that it looks like we will probably see addional rate cuts.

Monetary policy today seems to be mimicing our stance on illegal aliens. We continue to say it is wrong but we continue to provide amnesty to the rule breakers. So as the saying goes, “better to ask for forgiveness than ask for permission.”

Sorry I overspent by 150K on my home but could you help me out.

[SD Realtor]

Death by a thousand needles… We will see much more of this guys.

It is a sad commentary but is anyone really surprised? We have been fearing (or at least I have been harping on this crap) for over a year now.

SD Realtor

[SD Realtor]

Death by a thousand needles… We will see much more of this guys.

It is a sad commentary but is anyone really surprised? We have been fearing (or at least I have been harping on this crap) for over a year now.

SD Realtor

[SD Realtor]

Death by a thousand needles… We will see much more of this guys.

It is a sad commentary but is anyone really surprised? We have been fearing (or at least I have been harping on this crap) for over a year now.

SD Realtor

[SD Realtor]

Death by a thousand needles… We will see much more of this guys.

It is a sad commentary but is anyone really surprised? We have been fearing (or at least I have been harping on this crap) for over a year now.

SD Realtor

[Author]

Posts