The White House Freezing Loans for 5-Years

[jmpman]

The Whitehouse is so concerned for these people with resetting ARMs. This new policy implies that the govt thinks these people should be saved from themselves.

I propose the govt goes one step further, and completely eliminates the ability to finance using ARMs. This will further save the American people from their inability to make sound financial decisions.

Then, maybe I’ll be able to afford a house with a 30 year fixed… bringing true long term stability to the American people.

Seriously though… what would eliminating all but 30 year fixed mortgages do to the housing market?

I’m fine with that type of government intervention.

[kewp]

So what happens in five years? The payments reset and they foreclose anyways?

Seems to make much more sense from a financial perspective to toss the keys now and walk.

[kewp]

So what happens in five years? The payments reset and they foreclose anyways?

Seems to make much more sense from a financial perspective to toss the keys now and walk.

[kewp]

So what happens in five years? The payments reset and they foreclose anyways?

Seems to make much more sense from a financial perspective to toss the keys now and walk.

[kewp]

So what happens in five years? The payments reset and they foreclose anyways?

Seems to make much more sense from a financial perspective to toss the keys now and walk.

[kewp]

So what happens in five years? The payments reset and they foreclose anyways?

Seems to make much more sense from a financial perspective to toss the keys now and walk.

[nostradamus]

While we’re at it let’s go one step even further and get subprime borrowers “fixed” (i.e. spayed or neutered). This will fix a lot of future problems! 🙂 It is only a matter of time, with all the new gov’t intervention.

[nostradamus]

While we’re at it let’s go one step even further and get subprime borrowers “fixed” (i.e. spayed or neutered). This will fix a lot of future problems! 🙂 It is only a matter of time, with all the new gov’t intervention.

[nostradamus]

While we’re at it let’s go one step even further and get subprime borrowers “fixed” (i.e. spayed or neutered). This will fix a lot of future problems! 🙂 It is only a matter of time, with all the new gov’t intervention.

[nostradamus]

While we’re at it let’s go one step even further and get subprime borrowers “fixed” (i.e. spayed or neutered). This will fix a lot of future problems! 🙂 It is only a matter of time, with all the new gov’t intervention.

[nostradamus]

While we’re at it let’s go one step even further and get subprime borrowers “fixed” (i.e. spayed or neutered). This will fix a lot of future problems! 🙂 It is only a matter of time, with all the new gov’t intervention.

[Running Bear]

Gents,

Like SD Realtor said this will only delay the inevitable. The point people aren’t talking about but what is the key problem here is the Securitization of Mortgages. The mechanism that took us to these unaffordable levels was a massive boom in this market. This market is now dead and it isn’t coming back anytime soon. Prices will come down regardless of whether they freeze rates or foreclosures. Now that we are back to much tighter lending standards prices will come down. It is that simple. All this may do is slow down the drop. Instead of the cliff jump we would be looking at in 2008 it won’t be so vertical. If they don’t want the housing market to have a large correction they will have to resurrect this market. That won’t happen.

My2Cents

[Running Bear]

Gents,

Like SD Realtor said this will only delay the inevitable. The point people aren’t talking about but what is the key problem here is the Securitization of Mortgages. The mechanism that took us to these unaffordable levels was a massive boom in this market. This market is now dead and it isn’t coming back anytime soon. Prices will come down regardless of whether they freeze rates or foreclosures. Now that we are back to much tighter lending standards prices will come down. It is that simple. All this may do is slow down the drop. Instead of the cliff jump we would be looking at in 2008 it won’t be so vertical. If they don’t want the housing market to have a large correction they will have to resurrect this market. That won’t happen.

My2Cents

[Running Bear]

Gents,

Like SD Realtor said this will only delay the inevitable. The point people aren’t talking about but what is the key problem here is the Securitization of Mortgages. The mechanism that took us to these unaffordable levels was a massive boom in this market. This market is now dead and it isn’t coming back anytime soon. Prices will come down regardless of whether they freeze rates or foreclosures. Now that we are back to much tighter lending standards prices will come down. It is that simple. All this may do is slow down the drop. Instead of the cliff jump we would be looking at in 2008 it won’t be so vertical. If they don’t want the housing market to have a large correction they will have to resurrect this market. That won’t happen.

My2Cents

[Running Bear]

Gents,

Like SD Realtor said this will only delay the inevitable. The point people aren’t talking about but what is the key problem here is the Securitization of Mortgages. The mechanism that took us to these unaffordable levels was a massive boom in this market. This market is now dead and it isn’t coming back anytime soon. Prices will come down regardless of whether they freeze rates or foreclosures. Now that we are back to much tighter lending standards prices will come down. It is that simple. All this may do is slow down the drop. Instead of the cliff jump we would be looking at in 2008 it won’t be so vertical. If they don’t want the housing market to have a large correction they will have to resurrect this market. That won’t happen.

My2Cents

[Author]

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