Mortgage giants extend suspensions of foreclosures

[pencilneck]

Mortgage giants extend suspensions of foreclosures

Freddie, Fannie extend suspensions of foreclosure sales, evictions through Jan. 31

Thursday January 8, 2009, 11:46 am EST

http://finance.yahoo.com/news/Mortgage-giants-extend-apf-14005242.html

[jpinpb]

How long are they going to drag this out? How many extensions? Can people just default on their loan and live in it for free for the next 5 years?

[jpinpb]

How long are they going to drag this out? How many extensions? Can people just default on their loan and live in it for free for the next 5 years?

[jpinpb]

How long are they going to drag this out? How many extensions? Can people just default on their loan and live in it for free for the next 5 years?

[jpinpb]

How long are they going to drag this out? How many extensions? Can people just default on their loan and live in it for free for the next 5 years?

[jpinpb]

How long are they going to drag this out? How many extensions? Can people just default on their loan and live in it for free for the next 5 years?

[cr]

This may help people affected by job loss, assuming they can get a new job at equal pay digging a ditch for Obama.

For the droves of speculators who thought they struck gold when they bought a house in the last 5 years however, it will only delay the inevitable and force banks to take a larger loss when they have to write down the principle.

I’m starting to wonder if Washington will ever figure out price declines and foreclosures ARE the solution, not stopping them.

[cr]

This may help people affected by job loss, assuming they can get a new job at equal pay digging a ditch for Obama.

For the droves of speculators who thought they struck gold when they bought a house in the last 5 years however, it will only delay the inevitable and force banks to take a larger loss when they have to write down the principle.

I’m starting to wonder if Washington will ever figure out price declines and foreclosures ARE the solution, not stopping them.

[cr]

This may help people affected by job loss, assuming they can get a new job at equal pay digging a ditch for Obama.

For the droves of speculators who thought they struck gold when they bought a house in the last 5 years however, it will only delay the inevitable and force banks to take a larger loss when they have to write down the principle.

I’m starting to wonder if Washington will ever figure out price declines and foreclosures ARE the solution, not stopping them.

[cr]

This may help people affected by job loss, assuming they can get a new job at equal pay digging a ditch for Obama.

For the droves of speculators who thought they struck gold when they bought a house in the last 5 years however, it will only delay the inevitable and force banks to take a larger loss when they have to write down the principle.

I’m starting to wonder if Washington will ever figure out price declines and foreclosures ARE the solution, not stopping them.

[cr]

This may help people affected by job loss, assuming they can get a new job at equal pay digging a ditch for Obama.

For the droves of speculators who thought they struck gold when they bought a house in the last 5 years however, it will only delay the inevitable and force banks to take a larger loss when they have to write down the principle.

I’m starting to wonder if Washington will ever figure out price declines and foreclosures ARE the solution, not stopping them.

[arnie]

I wonder if the banks are simply saturated with foreclosures and can’t process any more even if they wanted to. Does anyone have any first hand knowledge of whatever department handles foreclosures for banks?

[arnie]

I wonder if the banks are simply saturated with foreclosures and can’t process any more even if they wanted to. Does anyone have any first hand knowledge of whatever department handles foreclosures for banks?

[arnie]

I wonder if the banks are simply saturated with foreclosures and can’t process any more even if they wanted to. Does anyone have any first hand knowledge of whatever department handles foreclosures for banks?

[arnie]

I wonder if the banks are simply saturated with foreclosures and can’t process any more even if they wanted to. Does anyone have any first hand knowledge of whatever department handles foreclosures for banks?

[Author]

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