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  • April 28, 2009 at 8:58 PM #389849
    patientrenter
    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 9:17 PM #389210
    jpinpb
    Participant

    [quote=CA renter]
    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because the whole economy will collapse otherwise.

    April 28, 2009 at 9:17 PM #389476
    jpinpb
    Participant

    [quote=CA renter]
    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because the whole economy will collapse otherwise.

    April 28, 2009 at 9:17 PM #389682
    jpinpb
    Participant

    [quote=CA renter]
    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because the whole economy will collapse otherwise.

    April 28, 2009 at 9:17 PM #389733
    jpinpb
    Participant

    [quote=CA renter]
    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because the whole economy will collapse otherwise.

    April 28, 2009 at 9:17 PM #389874
    jpinpb
    Participant

    [quote=CA renter]
    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because the whole economy will collapse otherwise.

    April 28, 2009 at 9:21 PM #389220
    Aecetia
    Participant

    ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’

    Ronald Reagan

    April 28, 2009 at 9:21 PM #389486
    Aecetia
    Participant

    ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’

    Ronald Reagan

    April 28, 2009 at 9:21 PM #389692
    Aecetia
    Participant

    ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’

    Ronald Reagan

    April 28, 2009 at 9:21 PM #389743
    Aecetia
    Participant

    ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’

    Ronald Reagan

    April 28, 2009 at 9:21 PM #389884
    Aecetia
    Participant

    ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’

    Ronald Reagan

    April 28, 2009 at 9:26 PM #389230
    Arraya
    Participant

    [quote=CA renter]

    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because if we don’t, the terrorist win…

    April 28, 2009 at 9:26 PM #389496
    Arraya
    Participant

    [quote=CA renter]

    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because if we don’t, the terrorist win…

    April 28, 2009 at 9:26 PM #389702
    Arraya
    Participant

    [quote=CA renter]

    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because if we don’t, the terrorist win…

    April 28, 2009 at 9:26 PM #389753
    Arraya
    Participant

    [quote=CA renter]

    Can somebody please explain again WHY we (taxpayers) need to do this?[/quote]

    Because if we don’t, the terrorist win…

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