- This topic has 120 replies, 13 voices, and was last updated 14 years, 8 months ago by no_such_reality.
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March 26, 2010 at 10:19 AM #17268March 26, 2010 at 10:46 AM #531565SK in CVParticipant
Just to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.
March 26, 2010 at 10:46 AM #531694SK in CVParticipantJust to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.
March 26, 2010 at 10:46 AM #532144SK in CVParticipantJust to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.
March 26, 2010 at 10:46 AM #532243SK in CVParticipantJust to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.
March 26, 2010 at 10:46 AM #532501SK in CVParticipantJust to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.
March 26, 2010 at 10:51 AM #531580VeritasParticipantAren’t you glad you have a home already? I feel sorry for those who played by the rules and are saving up to by a home at reduced rates. This stuff is sickening to someone who did not use their house for an ATM. It is just another attempt to prop up the faltering economy at the expense of the taxpayers and no I was not for any of the bank bailouts, for the record.
March 26, 2010 at 10:51 AM #531709VeritasParticipantAren’t you glad you have a home already? I feel sorry for those who played by the rules and are saving up to by a home at reduced rates. This stuff is sickening to someone who did not use their house for an ATM. It is just another attempt to prop up the faltering economy at the expense of the taxpayers and no I was not for any of the bank bailouts, for the record.
March 26, 2010 at 10:51 AM #532159VeritasParticipantAren’t you glad you have a home already? I feel sorry for those who played by the rules and are saving up to by a home at reduced rates. This stuff is sickening to someone who did not use their house for an ATM. It is just another attempt to prop up the faltering economy at the expense of the taxpayers and no I was not for any of the bank bailouts, for the record.
March 26, 2010 at 10:51 AM #532258VeritasParticipantAren’t you glad you have a home already? I feel sorry for those who played by the rules and are saving up to by a home at reduced rates. This stuff is sickening to someone who did not use their house for an ATM. It is just another attempt to prop up the faltering economy at the expense of the taxpayers and no I was not for any of the bank bailouts, for the record.
March 26, 2010 at 10:51 AM #532516VeritasParticipantAren’t you glad you have a home already? I feel sorry for those who played by the rules and are saving up to by a home at reduced rates. This stuff is sickening to someone who did not use their house for an ATM. It is just another attempt to prop up the faltering economy at the expense of the taxpayers and no I was not for any of the bank bailouts, for the record.
March 26, 2010 at 11:07 AM #531605anParticipant[quote=SK in CV]Just to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.[/quote]
If this one won’t work, they come up with another. If that one won’t work, they’ll come up with another. They’ll keep on doing it until America is bankrupt or until it work. Nothing really surprising to me.March 26, 2010 at 11:07 AM #531734anParticipant[quote=SK in CV]Just to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.[/quote]
If this one won’t work, they come up with another. If that one won’t work, they’ll come up with another. They’ll keep on doing it until America is bankrupt or until it work. Nothing really surprising to me.March 26, 2010 at 11:07 AM #532184anParticipant[quote=SK in CV]Just to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.[/quote]
If this one won’t work, they come up with another. If that one won’t work, they’ll come up with another. They’ll keep on doing it until America is bankrupt or until it work. Nothing really surprising to me.March 26, 2010 at 11:07 AM #532283anParticipant[quote=SK in CV]Just to clarify, HAMP is not a mandatory program. Outside of Fannie Mae or Freddie Mac, participation by lenders is voluntary. There are some incentives to participate, which are designed to encourage modification rather than foreclosure. From the lenders perspective, they are insufficient to turn a bad loan into a good loan.
Previous versions haven’t worked. This one won’t either.[/quote]
If this one won’t work, they come up with another. If that one won’t work, they’ll come up with another. They’ll keep on doing it until America is bankrupt or until it work. Nothing really surprising to me. -
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