The White House Freezing Loans for 5-Years

[bob2007]

I think highly of most people in this group, but have been surprised at the number of posts in which people can’t believe this is happening.

The one and only rule, whether it be housing or any other area that generates profit, is that you need to “follow the money”. The people with leverage will adjust events to their financial advantage. So people post their prophecies based on the known rules at the time. Guess what – there will ALWAYS be an unforeseen event.

So for all of you that KNOW when a crash will occur, I can provide the formula based on the last years worth of posts:

Housing bottom = (2 years) + (date of post)

Just keep posting and eventually you will be right. All US government is controlled by financial interests.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[novice1027]

Question?
I know on another thread you talked about “refinancing” and changing from a non-recourse to a recourse loan, and most said that wouldn’t be affected in the “freeze.”
Mr. Paulson used the term “refinance” many times in his speech. Do you think this was an error, or do you think the the FB’s will be even more F’d when their loan changes to a recourse loan, after they “refinance” into this fixed rate?
Just wondering.

[novice1027]

Question?
I know on another thread you talked about “refinancing” and changing from a non-recourse to a recourse loan, and most said that wouldn’t be affected in the “freeze.”
Mr. Paulson used the term “refinance” many times in his speech. Do you think this was an error, or do you think the the FB’s will be even more F’d when their loan changes to a recourse loan, after they “refinance” into this fixed rate?
Just wondering.

[novice1027]

Question?
I know on another thread you talked about “refinancing” and changing from a non-recourse to a recourse loan, and most said that wouldn’t be affected in the “freeze.”
Mr. Paulson used the term “refinance” many times in his speech. Do you think this was an error, or do you think the the FB’s will be even more F’d when their loan changes to a recourse loan, after they “refinance” into this fixed rate?
Just wondering.

[novice1027]

Question?
I know on another thread you talked about “refinancing” and changing from a non-recourse to a recourse loan, and most said that wouldn’t be affected in the “freeze.”
Mr. Paulson used the term “refinance” many times in his speech. Do you think this was an error, or do you think the the FB’s will be even more F’d when their loan changes to a recourse loan, after they “refinance” into this fixed rate?
Just wondering.

[novice1027]

Question?
I know on another thread you talked about “refinancing” and changing from a non-recourse to a recourse loan, and most said that wouldn’t be affected in the “freeze.”
Mr. Paulson used the term “refinance” many times in his speech. Do you think this was an error, or do you think the the FB’s will be even more F’d when their loan changes to a recourse loan, after they “refinance” into this fixed rate?
Just wondering.

[patb]

This will go nowhere.

The investors want their money.

Bush won’t write checks, so, it’s going to go back into the toilet

[patb]

This will go nowhere.

The investors want their money.

Bush won’t write checks, so, it’s going to go back into the toilet

[patb]

This will go nowhere.

The investors want their money.

Bush won’t write checks, so, it’s going to go back into the toilet

[patb]

This will go nowhere.

The investors want their money.

Bush won’t write checks, so, it’s going to go back into the toilet

[Author]

Posts