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CA renter.
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July 21, 2009 at 2:22 PM #435447July 21, 2009 at 2:37 PM #434688
XBoxBoy
ParticipantIs there any surprise that this is happening? I always find it interesting that so many people talk about how it’s in the bank’s interest to do loan mods. They look at the situation as if doing a loan mod will not have repercussions on other loans.
It’s no surprise to me that banks are very reluctant to give principle modifications. Every one they grant undoubtedly triggers dozens more.
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
Sadly, our politicians understand none of this.
XBoxBoy
July 21, 2009 at 2:37 PM #434893ParticipantIs there any surprise that this is happening? I always find it interesting that so many people talk about how it’s in the bank’s interest to do loan mods. They look at the situation as if doing a loan mod will not have repercussions on other loans.
It’s no surprise to me that banks are very reluctant to give principle modifications. Every one they grant undoubtedly triggers dozens more.
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
Sadly, our politicians understand none of this.
XBoxBoy
July 21, 2009 at 2:37 PM #435210ParticipantIs there any surprise that this is happening? I always find it interesting that so many people talk about how it’s in the bank’s interest to do loan mods. They look at the situation as if doing a loan mod will not have repercussions on other loans.
It’s no surprise to me that banks are very reluctant to give principle modifications. Every one they grant undoubtedly triggers dozens more.
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
Sadly, our politicians understand none of this.
XBoxBoy
July 21, 2009 at 2:37 PM #435284ParticipantIs there any surprise that this is happening? I always find it interesting that so many people talk about how it’s in the bank’s interest to do loan mods. They look at the situation as if doing a loan mod will not have repercussions on other loans.
It’s no surprise to me that banks are very reluctant to give principle modifications. Every one they grant undoubtedly triggers dozens more.
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
Sadly, our politicians understand none of this.
XBoxBoy
July 21, 2009 at 2:37 PM #435452ParticipantIs there any surprise that this is happening? I always find it interesting that so many people talk about how it’s in the bank’s interest to do loan mods. They look at the situation as if doing a loan mod will not have repercussions on other loans.
It’s no surprise to me that banks are very reluctant to give principle modifications. Every one they grant undoubtedly triggers dozens more.
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
Sadly, our politicians understand none of this.
XBoxBoy
July 21, 2009 at 4:05 PM #434718patientrenter
Participant+1, XBoxBoy.
July 21, 2009 at 4:05 PM #434923Participant+1, XBoxBoy.
July 21, 2009 at 4:05 PM #435240Participant+1, XBoxBoy.
July 21, 2009 at 4:05 PM #435314Participant+1, XBoxBoy.
July 21, 2009 at 4:05 PM #435482Participant+1, XBoxBoy.
July 21, 2009 at 4:11 PM #4347235yearwaiter
Participant[quote=XBoxBoy]
Sadly, our politicians understand none of this.XBoxBoy[/quote]
Those who knows/understands more would remain there as is like us homeless !! 🙂 but those who don’t understand and don’t care all messup they grow faster. Today Fed also their side those who made or cotribute to this mess-up, folks who understood this entire game plan today remained as is there – though they expected this bubble and all. Catch the flow but not hang on theory much
July 21, 2009 at 4:11 PM #434928Participant[quote=XBoxBoy]
Sadly, our politicians understand none of this.XBoxBoy[/quote]
Those who knows/understands more would remain there as is like us homeless !! 🙂 but those who don’t understand and don’t care all messup they grow faster. Today Fed also their side those who made or cotribute to this mess-up, folks who understood this entire game plan today remained as is there – though they expected this bubble and all. Catch the flow but not hang on theory much
July 21, 2009 at 4:11 PM #435245Participant[quote=XBoxBoy]
Sadly, our politicians understand none of this.XBoxBoy[/quote]
Those who knows/understands more would remain there as is like us homeless !! 🙂 but those who don’t understand and don’t care all messup they grow faster. Today Fed also their side those who made or cotribute to this mess-up, folks who understood this entire game plan today remained as is there – though they expected this bubble and all. Catch the flow but not hang on theory much
July 21, 2009 at 4:11 PM #435319Participant[quote=XBoxBoy]
Sadly, our politicians understand none of this.XBoxBoy[/quote]
Those who knows/understands more would remain there as is like us homeless !! 🙂 but those who don’t understand and don’t care all messup they grow faster. Today Fed also their side those who made or cotribute to this mess-up, folks who understood this entire game plan today remained as is there – though they expected this bubble and all. Catch the flow but not hang on theory much
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