- This topic has 7 replies, 7 voices, and was last updated 17 years, 10 months ago by
Cow_tipping.
-
AuthorPosts
-
April 18, 2007 at 8:01 PM #8882April 18, 2007 at 8:51 PM #50536
LookoutBelow
ParticipantIs this good news ? I believe so…yes
April 18, 2007 at 9:25 PM #50539LA_Renter
Participant“Mortgage servicers should seek to modify the terms of subprime loans before their interest rates are reset higher and set aside dedicated resources and staff to help those borrowers, according to the document.
Fannie Mae and Freddie Mac should work with lenders to make credit available to borrowers who have trouble refinancing out of subprime loans, the document added.
After the conference, Freddie Mac promised $20 billion in new financing to help subprime borrowers stay in their homes.”
Yep, that should fix it. LOL
April 18, 2007 at 9:26 PM #50540barnaby33
ParticipantWhy yes, yes it is.
Josh
April 18, 2007 at 11:30 PM #50548masayako
ParticipantSenators got it all wrong. We should not bail out nobody not because there is “NO NEED”, but because we should not.
IT IS WRONG TO BAIL OUT (REWARD) THE WRONGDOERS AND PUNISH THE FINANCIAL RESPONSIBILE AMERICANS.
This shit makes me mad.
Masayako
April 19, 2007 at 10:02 AM #50571Anonymous
GuestI agree with masayako, that their principle argument is still wrong, since they were even discussing bailing out irresponsible lenders/buyers. But at least they are coming to the right decision, even if it is for what we believe to be the wrong reasons.
April 19, 2007 at 10:26 AM #50572no_such_reality
ParticipantSpeaking of which, can someone please tell me why the FBI won’t pick up the low hanging fruit that is now lying on the ground and arrest and try Casey Serin for mortgage fraud?
1. He admits to lying on the loans.
2. It is over a million dollars. Actually over $2 million.
3. It covers four different States.
Granted a million is going to be small potatoes, but this is a single guy, running his mouth everywhere.
IMHO, a nice fat Perp walk on the nightly news of real estate mogul Casey will do the RE industry and specuflippers a lot of good to give them a much needed reality check.
Kind of put a check on the inflated appraisals, raise some eyebrows at the cash back deals, let buyers know that loan-lying really isn’t accepted, etc.
April 19, 2007 at 12:08 PM #50583Cow_tipping
ParticipantYes arrest the Mofo, … he’s just busting his ass to sell 1 last property. BTW … I hope he gets 1099’s for the losses he has created for the banks. Its over 130K on that larchmont house alone.
And yes senator Dood, you get on the ticket … and If I get my citizenship by then, you may merit consideration for my vote. Thanks for not pushing the stupidity any further than you already did.
Cool.
cow_tipping. -
AuthorPosts
- You must be logged in to reply to this topic.