- This topic has 90 replies, 13 voices, and was last updated 17 years, 6 months ago by
NotCranky.
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December 8, 2007 at 8:23 AM #111869December 8, 2007 at 11:58 AM #112123
rocket science
ParticipantAnother article in the LA Times today.
Tom PetrunoThe success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.He quotes one of the guys from the video link in the kev374 post above.
Josh Rosner, suggests that a rash of legal challenges to loan modificaions is inevitable.
rs
December 8, 2007 at 11:58 AM #112043rocket science
ParticipantAnother article in the LA Times today.
Tom PetrunoThe success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.He quotes one of the guys from the video link in the kev374 post above.
Josh Rosner, suggests that a rash of legal challenges to loan modificaions is inevitable.
rs
December 8, 2007 at 11:58 AM #111924rocket science
ParticipantAnother article in the LA Times today.
Tom PetrunoThe success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.He quotes one of the guys from the video link in the kev374 post above.
Josh Rosner, suggests that a rash of legal challenges to loan modificaions is inevitable.
rs
December 8, 2007 at 11:58 AM #112080rocket science
ParticipantAnother article in the LA Times today.
Tom PetrunoThe success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.He quotes one of the guys from the video link in the kev374 post above.
Josh Rosner, suggests that a rash of legal challenges to loan modificaions is inevitable.
rs
December 8, 2007 at 11:58 AM #112091rocket science
ParticipantAnother article in the LA Times today.
Tom PetrunoThe success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.He quotes one of the guys from the video link in the kev374 post above.
Josh Rosner, suggests that a rash of legal challenges to loan modificaions is inevitable.
rs
December 8, 2007 at 1:29 PM #111939Arraya
ParticipantWhat is better for the investor to take posession of an asset that they could sell for 30-50% less or have some fool pay a lower interest rate on the full vaue. Those are the investor’s choices.
December 8, 2007 at 1:29 PM #112138Arraya
ParticipantWhat is better for the investor to take posession of an asset that they could sell for 30-50% less or have some fool pay a lower interest rate on the full vaue. Those are the investor’s choices.
December 8, 2007 at 1:29 PM #112104Arraya
ParticipantWhat is better for the investor to take posession of an asset that they could sell for 30-50% less or have some fool pay a lower interest rate on the full vaue. Those are the investor’s choices.
December 8, 2007 at 1:29 PM #112094Arraya
ParticipantWhat is better for the investor to take posession of an asset that they could sell for 30-50% less or have some fool pay a lower interest rate on the full vaue. Those are the investor’s choices.
December 8, 2007 at 1:29 PM #112058Arraya
ParticipantWhat is better for the investor to take posession of an asset that they could sell for 30-50% less or have some fool pay a lower interest rate on the full vaue. Those are the investor’s choices.
December 8, 2007 at 1:53 PM #112162bobby
Participantyup. I agree with araya.
as long as it doesn’t involve tax money in this “bail out”, I don’t care if interest rate if frozen or vaporized.
the banks will be even more careful than needed when lending out money now. i.e less buyers and decreased price.
market forces are still at work.December 8, 2007 at 1:53 PM #112122bobby
Participantyup. I agree with araya.
as long as it doesn’t involve tax money in this “bail out”, I don’t care if interest rate if frozen or vaporized.
the banks will be even more careful than needed when lending out money now. i.e less buyers and decreased price.
market forces are still at work.December 8, 2007 at 1:53 PM #112083bobby
Participantyup. I agree with araya.
as long as it doesn’t involve tax money in this “bail out”, I don’t care if interest rate if frozen or vaporized.
the banks will be even more careful than needed when lending out money now. i.e less buyers and decreased price.
market forces are still at work.December 8, 2007 at 1:53 PM #112131bobby
Participantyup. I agree with araya.
as long as it doesn’t involve tax money in this “bail out”, I don’t care if interest rate if frozen or vaporized.
the banks will be even more careful than needed when lending out money now. i.e less buyers and decreased price.
market forces are still at work. -
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