The White House Freezing Loans for 5-Years

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[mgubnyc1]

The subprime loans they are giving examples of that people need help with are 200K with inatial 8.25% that are re-setting at 10%!!!!!!

So I guess that leaves out Califirnia, Nevada, Arizona and Florida because these subprime loans are all Jumbo’s

[mgubnyc1]

The subprime loans they are giving examples of that people need help with are 200K with inatial 8.25% that are re-setting at 10%!!!!!!

So I guess that leaves out Califirnia, Nevada, Arizona and Florida because these subprime loans are all Jumbo’s

[mgubnyc1]

The subprime loans they are giving examples of that people need help with are 200K with inatial 8.25% that are re-setting at 10%!!!!!!

So I guess that leaves out Califirnia, Nevada, Arizona and Florida because these subprime loans are all Jumbo’s

[mgubnyc1]

The subprime loans they are giving examples of that people need help with are 200K with inatial 8.25% that are re-setting at 10%!!!!!!

So I guess that leaves out Califirnia, Nevada, Arizona and Florida because these subprime loans are all Jumbo’s

[mgubnyc1]

The subprime loans they are giving examples of that people need help with are 200K with inatial 8.25% that are re-setting at 10%!!!!!!

So I guess that leaves out Califirnia, Nevada, Arizona and Florida because these subprime loans are all Jumbo’s

[DaCounselor]

“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.”
___________________________

I think there is a general misconception among some that a loan modification will automatically transform a non-recourse loan in a recourse loan. Not the case. In fact, there is an even more widepread misconception that a refi is automatically a recourse loan – which is also not necessarily the case.

In making perhaps the most important financial decision of their lives, people need to understand the ins and outs of what they are getting themselves into and what the law is. Consulting an attorney is mandatory.

[DaCounselor]

“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.”
___________________________

I think there is a general misconception among some that a loan modification will automatically transform a non-recourse loan in a recourse loan. Not the case. In fact, there is an even more widepread misconception that a refi is automatically a recourse loan – which is also not necessarily the case.

In making perhaps the most important financial decision of their lives, people need to understand the ins and outs of what they are getting themselves into and what the law is. Consulting an attorney is mandatory.

[DaCounselor]

“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.”
___________________________

I think there is a general misconception among some that a loan modification will automatically transform a non-recourse loan in a recourse loan. Not the case. In fact, there is an even more widepread misconception that a refi is automatically a recourse loan – which is also not necessarily the case.

In making perhaps the most important financial decision of their lives, people need to understand the ins and outs of what they are getting themselves into and what the law is. Consulting an attorney is mandatory.

[DaCounselor]

“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.”
___________________________

I think there is a general misconception among some that a loan modification will automatically transform a non-recourse loan in a recourse loan. Not the case. In fact, there is an even more widepread misconception that a refi is automatically a recourse loan – which is also not necessarily the case.

In making perhaps the most important financial decision of their lives, people need to understand the ins and outs of what they are getting themselves into and what the law is. Consulting an attorney is mandatory.

[DaCounselor]

“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.”
___________________________

I think there is a general misconception among some that a loan modification will automatically transform a non-recourse loan in a recourse loan. Not the case. In fact, there is an even more widepread misconception that a refi is automatically a recourse loan – which is also not necessarily the case.

In making perhaps the most important financial decision of their lives, people need to understand the ins and outs of what they are getting themselves into and what the law is. Consulting an attorney is mandatory.

[NeetaT]

It’s all about propping up property values so that the local officials can keep skimming and living lavish life styles.

[NeetaT]

It’s all about propping up property values so that the local officials can keep skimming and living lavish life styles.

[Author]

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