Govt planning principal reductions

[SD Realtor]

I could not agree more with your assessment DAC. I also believe that the 500B is just the beginning. In the end what will be interesting is the dilema that homeowners will have to make which will be continuing to pay the mortgage or making the sacrifice to thier credit scores to meet whatever criteria the Feds establish to participate in these programs.

[socrattt]

I am guessing the essential thought behind this elaborate plan is to buy mortgage back securities, stop the foreclosure market, push the rates down, spur the market which will increase the home values and then the government will eventually be the winner.

If the government truly structures this right and things go as planned maybe this will all work, but chances are they won’t all align due to the stress on our dollar and the amount of debt we are pouring into the system on all daily basis.

Maybe it’s really late and I just concocted this wild idea, but it just seems like the government has a few tricks up there sleeve and freezing the foreclosure market just doesn’t make sense unless they have a plan to counteract it.

I have a better chance of winning the lottery than making the correct call on the government’s ultimate plans for our economy.

So far the score is:

Irresponsible 6
Responsible 0

And we are currently in the seventh inning stretch. We are going to have a wild ninth inning. and I hope the responsible hit a couple of grand slams!

[socrattt]

I am guessing the essential thought behind this elaborate plan is to buy mortgage back securities, stop the foreclosure market, push the rates down, spur the market which will increase the home values and then the government will eventually be the winner.

If the government truly structures this right and things go as planned maybe this will all work, but chances are they won’t all align due to the stress on our dollar and the amount of debt we are pouring into the system on all daily basis.

Maybe it’s really late and I just concocted this wild idea, but it just seems like the government has a few tricks up there sleeve and freezing the foreclosure market just doesn’t make sense unless they have a plan to counteract it.

I have a better chance of winning the lottery than making the correct call on the government’s ultimate plans for our economy.

So far the score is:

Irresponsible 6
Responsible 0

And we are currently in the seventh inning stretch. We are going to have a wild ninth inning. and I hope the responsible hit a couple of grand slams!

[socrattt]

I am guessing the essential thought behind this elaborate plan is to buy mortgage back securities, stop the foreclosure market, push the rates down, spur the market which will increase the home values and then the government will eventually be the winner.

If the government truly structures this right and things go as planned maybe this will all work, but chances are they won’t all align due to the stress on our dollar and the amount of debt we are pouring into the system on all daily basis.

Maybe it’s really late and I just concocted this wild idea, but it just seems like the government has a few tricks up there sleeve and freezing the foreclosure market just doesn’t make sense unless they have a plan to counteract it.

I have a better chance of winning the lottery than making the correct call on the government’s ultimate plans for our economy.

So far the score is:

Irresponsible 6
Responsible 0

And we are currently in the seventh inning stretch. We are going to have a wild ninth inning. and I hope the responsible hit a couple of grand slams!

[socrattt]

I am guessing the essential thought behind this elaborate plan is to buy mortgage back securities, stop the foreclosure market, push the rates down, spur the market which will increase the home values and then the government will eventually be the winner.

If the government truly structures this right and things go as planned maybe this will all work, but chances are they won’t all align due to the stress on our dollar and the amount of debt we are pouring into the system on all daily basis.

Maybe it’s really late and I just concocted this wild idea, but it just seems like the government has a few tricks up there sleeve and freezing the foreclosure market just doesn’t make sense unless they have a plan to counteract it.

I have a better chance of winning the lottery than making the correct call on the government’s ultimate plans for our economy.

So far the score is:

Irresponsible 6
Responsible 0

And we are currently in the seventh inning stretch. We are going to have a wild ninth inning. and I hope the responsible hit a couple of grand slams!

[socrattt]

I am guessing the essential thought behind this elaborate plan is to buy mortgage back securities, stop the foreclosure market, push the rates down, spur the market which will increase the home values and then the government will eventually be the winner.

If the government truly structures this right and things go as planned maybe this will all work, but chances are they won’t all align due to the stress on our dollar and the amount of debt we are pouring into the system on all daily basis.

Maybe it’s really late and I just concocted this wild idea, but it just seems like the government has a few tricks up there sleeve and freezing the foreclosure market just doesn’t make sense unless they have a plan to counteract it.

I have a better chance of winning the lottery than making the correct call on the government’s ultimate plans for our economy.

So far the score is:

Irresponsible 6
Responsible 0

And we are currently in the seventh inning stretch. We are going to have a wild ninth inning. and I hope the responsible hit a couple of grand slams!

[SD Realtor]

Socratt I think we are more like in the 4th inning. Like I said, I think we are just started to see what is to come… just wait until 09 and 10.

[SD Realtor]

Socratt I think we are more like in the 4th inning. Like I said, I think we are just started to see what is to come… just wait until 09 and 10.

[SD Realtor]

Socratt I think we are more like in the 4th inning. Like I said, I think we are just started to see what is to come… just wait until 09 and 10.

[SD Realtor]

Socratt I think we are more like in the 4th inning. Like I said, I think we are just started to see what is to come… just wait until 09 and 10.

[SD Realtor]

Socratt I think we are more like in the 4th inning. Like I said, I think we are just started to see what is to come… just wait until 09 and 10.

[capeman]

You guys aren’t taking into account the fine print most definitely assured to be on the principle reductions contracts. The gov’t will be guaranteeing the loans and trying to place the paper. These will be full-recourse loans and just think what happens if the owner gets underwater later or into trouble with the rising unemployment rates and further deflation. You will owe the loan whether you get foreclosed on or not and the gov’t will collect.

Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.

[capeman]

You guys aren’t taking into account the fine print most definitely assured to be on the principle reductions contracts. The gov’t will be guaranteeing the loans and trying to place the paper. These will be full-recourse loans and just think what happens if the owner gets underwater later or into trouble with the rising unemployment rates and further deflation. You will owe the loan whether you get foreclosed on or not and the gov’t will collect.

Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.

[capeman]

You guys aren’t taking into account the fine print most definitely assured to be on the principle reductions contracts. The gov’t will be guaranteeing the loans and trying to place the paper. These will be full-recourse loans and just think what happens if the owner gets underwater later or into trouble with the rising unemployment rates and further deflation. You will owe the loan whether you get foreclosed on or not and the gov’t will collect.

Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.

[capeman]

You guys aren’t taking into account the fine print most definitely assured to be on the principle reductions contracts. The gov’t will be guaranteeing the loans and trying to place the paper. These will be full-recourse loans and just think what happens if the owner gets underwater later or into trouble with the rising unemployment rates and further deflation. You will owe the loan whether you get foreclosed on or not and the gov’t will collect.

Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.

[Author]

Posts