- This topic has 105 replies, 13 voices, and was last updated 15 years, 10 months ago by
San Diego RE Bear.
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April 28, 2009 at 4:56 PM #389674April 28, 2009 at 5:00 PM #389026
CA renter
ParticipantUnder the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?
April 28, 2009 at 5:00 PM #389292CA renter
ParticipantUnder the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?
April 28, 2009 at 5:00 PM #389497CA renter
ParticipantUnder the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?
April 28, 2009 at 5:00 PM #389548CA renter
ParticipantUnder the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?
April 28, 2009 at 5:00 PM #389689CA renter
ParticipantUnder the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?
April 28, 2009 at 5:04 PM #389041an
Participant[quote=CA renter]
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Because the man said so.April 28, 2009 at 5:04 PM #389307an
Participant[quote=CA renter]
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Because the man said so.April 28, 2009 at 5:04 PM #389512an
Participant[quote=CA renter]
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Because the man said so.April 28, 2009 at 5:04 PM #389563an
Participant[quote=CA renter]
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Because the man said so.April 28, 2009 at 5:04 PM #389704an
Participant[quote=CA renter]
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Because the man said so.April 28, 2009 at 8:58 PM #389185patientrenter
Participant[quote=CA renter]Under the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Quit chattering and hold that bent over position.
April 28, 2009 at 8:58 PM #389451patientrenter
Participant[quote=CA renter]Under the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Quit chattering and hold that bent over position.
April 28, 2009 at 8:58 PM #389657patientrenter
Participant[quote=CA renter]Under the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Quit chattering and hold that bent over position.
April 28, 2009 at 8:58 PM #389708patientrenter
Participant[quote=CA renter]Under the administration’s new program, the interest rate on second mortgages will be reduced to 1% on loans where payments cover interest and principal and to 2% for interest-only loans. The government will subsidize the rate reduction, with the money going to the mortgage investor.
———————-Can’t the servicers lower the rates to 1% (or even 0%!) all by themselves? Why does the govt (that’s us, the taxpayers…again) have to subsidize anything? These are the lenders’ loans, and it’s up to them to modify them however they see fit. They can reduce principal or lower rates without any govt assistance.
Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]
Quit chattering and hold that bent over position.
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