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February 21, 2009 at 6:58 AM #351627February 21, 2009 at 8:48 AM #351121capemanParticipant
afx- There’s been an immense amount of support for Santelli’s rant that has caused the White House to actually have to respond to it. 94% in favor.
http://www.cnbc.com/id/29301208/
Almost a quarter million votes within 48 hours and it’s pretty overwhelmingly in support of the anger on the CME floor. I’m not a Wall Street worker and I am heavily against the StimUSEless Bill just as much as I am against the state taxing more to cover it’s own inadequacy in balancing a checkbook.
February 21, 2009 at 8:48 AM #351434capemanParticipantafx- There’s been an immense amount of support for Santelli’s rant that has caused the White House to actually have to respond to it. 94% in favor.
http://www.cnbc.com/id/29301208/
Almost a quarter million votes within 48 hours and it’s pretty overwhelmingly in support of the anger on the CME floor. I’m not a Wall Street worker and I am heavily against the StimUSEless Bill just as much as I am against the state taxing more to cover it’s own inadequacy in balancing a checkbook.
February 21, 2009 at 8:48 AM #351560capemanParticipantafx- There’s been an immense amount of support for Santelli’s rant that has caused the White House to actually have to respond to it. 94% in favor.
http://www.cnbc.com/id/29301208/
Almost a quarter million votes within 48 hours and it’s pretty overwhelmingly in support of the anger on the CME floor. I’m not a Wall Street worker and I am heavily against the StimUSEless Bill just as much as I am against the state taxing more to cover it’s own inadequacy in balancing a checkbook.
February 21, 2009 at 8:48 AM #351594capemanParticipantafx- There’s been an immense amount of support for Santelli’s rant that has caused the White House to actually have to respond to it. 94% in favor.
http://www.cnbc.com/id/29301208/
Almost a quarter million votes within 48 hours and it’s pretty overwhelmingly in support of the anger on the CME floor. I’m not a Wall Street worker and I am heavily against the StimUSEless Bill just as much as I am against the state taxing more to cover it’s own inadequacy in balancing a checkbook.
February 21, 2009 at 8:48 AM #351692capemanParticipantafx- There’s been an immense amount of support for Santelli’s rant that has caused the White House to actually have to respond to it. 94% in favor.
http://www.cnbc.com/id/29301208/
Almost a quarter million votes within 48 hours and it’s pretty overwhelmingly in support of the anger on the CME floor. I’m not a Wall Street worker and I am heavily against the StimUSEless Bill just as much as I am against the state taxing more to cover it’s own inadequacy in balancing a checkbook.
February 21, 2009 at 8:50 AM #351126rnenParticipantHelping Hard-Pressed Homeowners Stay in their Homes: This initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet cannot sell their homes because prices have fallen so significantly. Millions of hard-working families have seen their mortgage payments rise to 40 or even 50 percent of their monthly income – particularly those who received subprime and exotic loans with exploding terms and hidden fees. The Homeowner Stability Initiative helps those who commit to make reasonable monthly mortgage payments to stay in their homes – providing families with security and neighborhoods with stability.
A Shared Effort to Reduce Monthly Payments: For a sample household with payments adding up to 43 percent of his monthly income, the lender would first be responsible for bringing down interest rates so that the borrower’s monthly mortgage payment is no more than 38 percent of his or her income. Next, the initiative would match further reductions in interest payments dollar-for-dollar with the lender to bring that ratio down to 31 percent. If that borrower had a $220,000 mortgage, that could mean a reduction in monthly payments by over $400. That lower interest rate must be kept in place for five years, after which it
could gradually be stepped up to the conforming loan rate in place at the time of the modification. Lenders will also be able to bring down monthly payments by reducing the principal owed on the mortgage, with Treasury sharing in the costs.
“Pay for Success” Incentives to Servicers: Servicers will receive an up-front fee of $1,000 for each eligible modification meeting guidelines established under this initiative. They will also receive “pay for success” fees – awarded monthly as long as the borrower stays current on the loan – of up to $1,000 each year for three years.February 21, 2009 at 8:50 AM #351439rnenParticipantHelping Hard-Pressed Homeowners Stay in their Homes: This initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet cannot sell their homes because prices have fallen so significantly. Millions of hard-working families have seen their mortgage payments rise to 40 or even 50 percent of their monthly income – particularly those who received subprime and exotic loans with exploding terms and hidden fees. The Homeowner Stability Initiative helps those who commit to make reasonable monthly mortgage payments to stay in their homes – providing families with security and neighborhoods with stability.
A Shared Effort to Reduce Monthly Payments: For a sample household with payments adding up to 43 percent of his monthly income, the lender would first be responsible for bringing down interest rates so that the borrower’s monthly mortgage payment is no more than 38 percent of his or her income. Next, the initiative would match further reductions in interest payments dollar-for-dollar with the lender to bring that ratio down to 31 percent. If that borrower had a $220,000 mortgage, that could mean a reduction in monthly payments by over $400. That lower interest rate must be kept in place for five years, after which it
could gradually be stepped up to the conforming loan rate in place at the time of the modification. Lenders will also be able to bring down monthly payments by reducing the principal owed on the mortgage, with Treasury sharing in the costs.
“Pay for Success” Incentives to Servicers: Servicers will receive an up-front fee of $1,000 for each eligible modification meeting guidelines established under this initiative. They will also receive “pay for success” fees – awarded monthly as long as the borrower stays current on the loan – of up to $1,000 each year for three years.February 21, 2009 at 8:50 AM #351565rnenParticipantHelping Hard-Pressed Homeowners Stay in their Homes: This initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet cannot sell their homes because prices have fallen so significantly. Millions of hard-working families have seen their mortgage payments rise to 40 or even 50 percent of their monthly income – particularly those who received subprime and exotic loans with exploding terms and hidden fees. The Homeowner Stability Initiative helps those who commit to make reasonable monthly mortgage payments to stay in their homes – providing families with security and neighborhoods with stability.
A Shared Effort to Reduce Monthly Payments: For a sample household with payments adding up to 43 percent of his monthly income, the lender would first be responsible for bringing down interest rates so that the borrower’s monthly mortgage payment is no more than 38 percent of his or her income. Next, the initiative would match further reductions in interest payments dollar-for-dollar with the lender to bring that ratio down to 31 percent. If that borrower had a $220,000 mortgage, that could mean a reduction in monthly payments by over $400. That lower interest rate must be kept in place for five years, after which it
could gradually be stepped up to the conforming loan rate in place at the time of the modification. Lenders will also be able to bring down monthly payments by reducing the principal owed on the mortgage, with Treasury sharing in the costs.
“Pay for Success” Incentives to Servicers: Servicers will receive an up-front fee of $1,000 for each eligible modification meeting guidelines established under this initiative. They will also receive “pay for success” fees – awarded monthly as long as the borrower stays current on the loan – of up to $1,000 each year for three years.February 21, 2009 at 8:50 AM #351598rnenParticipantHelping Hard-Pressed Homeowners Stay in their Homes: This initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet cannot sell their homes because prices have fallen so significantly. Millions of hard-working families have seen their mortgage payments rise to 40 or even 50 percent of their monthly income – particularly those who received subprime and exotic loans with exploding terms and hidden fees. The Homeowner Stability Initiative helps those who commit to make reasonable monthly mortgage payments to stay in their homes – providing families with security and neighborhoods with stability.
A Shared Effort to Reduce Monthly Payments: For a sample household with payments adding up to 43 percent of his monthly income, the lender would first be responsible for bringing down interest rates so that the borrower’s monthly mortgage payment is no more than 38 percent of his or her income. Next, the initiative would match further reductions in interest payments dollar-for-dollar with the lender to bring that ratio down to 31 percent. If that borrower had a $220,000 mortgage, that could mean a reduction in monthly payments by over $400. That lower interest rate must be kept in place for five years, after which it
could gradually be stepped up to the conforming loan rate in place at the time of the modification. Lenders will also be able to bring down monthly payments by reducing the principal owed on the mortgage, with Treasury sharing in the costs.
“Pay for Success” Incentives to Servicers: Servicers will receive an up-front fee of $1,000 for each eligible modification meeting guidelines established under this initiative. They will also receive “pay for success” fees – awarded monthly as long as the borrower stays current on the loan – of up to $1,000 each year for three years.February 21, 2009 at 8:50 AM #351697rnenParticipantHelping Hard-Pressed Homeowners Stay in their Homes: This initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet cannot sell their homes because prices have fallen so significantly. Millions of hard-working families have seen their mortgage payments rise to 40 or even 50 percent of their monthly income – particularly those who received subprime and exotic loans with exploding terms and hidden fees. The Homeowner Stability Initiative helps those who commit to make reasonable monthly mortgage payments to stay in their homes – providing families with security and neighborhoods with stability.
A Shared Effort to Reduce Monthly Payments: For a sample household with payments adding up to 43 percent of his monthly income, the lender would first be responsible for bringing down interest rates so that the borrower’s monthly mortgage payment is no more than 38 percent of his or her income. Next, the initiative would match further reductions in interest payments dollar-for-dollar with the lender to bring that ratio down to 31 percent. If that borrower had a $220,000 mortgage, that could mean a reduction in monthly payments by over $400. That lower interest rate must be kept in place for five years, after which it
could gradually be stepped up to the conforming loan rate in place at the time of the modification. Lenders will also be able to bring down monthly payments by reducing the principal owed on the mortgage, with Treasury sharing in the costs.
“Pay for Success” Incentives to Servicers: Servicers will receive an up-front fee of $1,000 for each eligible modification meeting guidelines established under this initiative. They will also receive “pay for success” fees – awarded monthly as long as the borrower stays current on the loan – of up to $1,000 each year for three years.February 21, 2009 at 9:06 AM #351136jpinpbParticipant[quote=tucker…]
video at feb 20 this guy reminds me of bush with the same stupid faces
[/quote]OMG. Totally. Doing the turkey gobble sticking his neck out, too.
Maybe they have a class where they train these people mannerisms.
Sadly, I’ve seen Obama do the Bill Clinton hand gestures.
February 21, 2009 at 9:06 AM #351449jpinpbParticipant[quote=tucker…]
video at feb 20 this guy reminds me of bush with the same stupid faces
[/quote]OMG. Totally. Doing the turkey gobble sticking his neck out, too.
Maybe they have a class where they train these people mannerisms.
Sadly, I’ve seen Obama do the Bill Clinton hand gestures.
February 21, 2009 at 9:06 AM #351575jpinpbParticipant[quote=tucker…]
video at feb 20 this guy reminds me of bush with the same stupid faces
[/quote]OMG. Totally. Doing the turkey gobble sticking his neck out, too.
Maybe they have a class where they train these people mannerisms.
Sadly, I’ve seen Obama do the Bill Clinton hand gestures.
February 21, 2009 at 9:06 AM #351609jpinpbParticipant[quote=tucker…]
video at feb 20 this guy reminds me of bush with the same stupid faces
[/quote]OMG. Totally. Doing the turkey gobble sticking his neck out, too.
Maybe they have a class where they train these people mannerisms.
Sadly, I’ve seen Obama do the Bill Clinton hand gestures.
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