- This topic has 190 replies, 23 voices, and was last updated 14 years, 7 months ago by
pencilneck.
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February 28, 2008 at 10:11 AM #11950February 28, 2008 at 10:20 AM #161797
Raybyrnes
ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM #162091Raybyrnes
ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM #162108Raybyrnes
ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM #162125Raybyrnes
ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM #162194Raybyrnes
ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM #161801mrwrong
ParticipantIt doesn’t pay to be fiscally responsible in this country.
Mr. Wrong
February 28, 2008 at 10:20 AM #162096mrwrong
ParticipantIt doesn’t pay to be fiscally responsible in this country.
Mr. Wrong
February 28, 2008 at 10:20 AM #162113mrwrong
ParticipantIt doesn’t pay to be fiscally responsible in this country.
Mr. Wrong
February 28, 2008 at 10:20 AM #162130mrwrong
ParticipantIt doesn’t pay to be fiscally responsible in this country.
Mr. Wrong
February 28, 2008 at 10:20 AM #162199mrwrong
ParticipantIt doesn’t pay to be fiscally responsible in this country.
Mr. Wrong
February 28, 2008 at 1:34 PM #162023XBoxBoy
ParticipantYou wrote: in the end the banks investors are going to be left holding the bag.
Exactly. And this is why we are seeing that although the rates on the 10yr are going down, mortgage rates haven’t gone down. All these workouts, bailouts and other programs in the end will make buying mortgages less attractive. And that’s why in the end they won’t stop the housing decline. (If investors don’t buy mortgages then the price of mortgages goes up. If the price of mortgages goes up, then the housing decline accelerates.)
XBoxBoy
February 28, 2008 at 1:34 PM #162316XBoxBoy
ParticipantYou wrote: in the end the banks investors are going to be left holding the bag.
Exactly. And this is why we are seeing that although the rates on the 10yr are going down, mortgage rates haven’t gone down. All these workouts, bailouts and other programs in the end will make buying mortgages less attractive. And that’s why in the end they won’t stop the housing decline. (If investors don’t buy mortgages then the price of mortgages goes up. If the price of mortgages goes up, then the housing decline accelerates.)
XBoxBoy
February 28, 2008 at 1:34 PM #162333XBoxBoy
ParticipantYou wrote: in the end the banks investors are going to be left holding the bag.
Exactly. And this is why we are seeing that although the rates on the 10yr are going down, mortgage rates haven’t gone down. All these workouts, bailouts and other programs in the end will make buying mortgages less attractive. And that’s why in the end they won’t stop the housing decline. (If investors don’t buy mortgages then the price of mortgages goes up. If the price of mortgages goes up, then the housing decline accelerates.)
XBoxBoy
February 28, 2008 at 1:34 PM #162350XBoxBoy
ParticipantYou wrote: in the end the banks investors are going to be left holding the bag.
Exactly. And this is why we are seeing that although the rates on the 10yr are going down, mortgage rates haven’t gone down. All these workouts, bailouts and other programs in the end will make buying mortgages less attractive. And that’s why in the end they won’t stop the housing decline. (If investors don’t buy mortgages then the price of mortgages goes up. If the price of mortgages goes up, then the housing decline accelerates.)
XBoxBoy
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