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September 18, 2008 at 8:37 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272379September 18, 2008 at 8:37 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272620
David J
ParticipantI fully understand the issues with doing something along those lines, I just feel that would be the most populist of plans and also the one that would make me the most upset and thus the one that they will actually enact.
September 18, 2008 at 8:37 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272626ParticipantI fully understand the issues with doing something along those lines, I just feel that would be the most populist of plans and also the one that would make me the most upset and thus the one that they will actually enact.
September 18, 2008 at 8:37 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272669ParticipantI fully understand the issues with doing something along those lines, I just feel that would be the most populist of plans and also the one that would make me the most upset and thus the one that they will actually enact.
September 18, 2008 at 8:37 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272692ParticipantI fully understand the issues with doing something along those lines, I just feel that would be the most populist of plans and also the one that would make me the most upset and thus the one that they will actually enact.
September 18, 2008 at 8:16 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272354Participant[quote=murf2222]Did I hear correctly today that the reason for the 400+ point day on Wall St. is that the government is going to absorb a lot of the banks foreclosure debt?
If this is true then how is this going to affect the REO inventories?
Murf2222[/quote]
I figure that they will do what I would feel to be the most unjust to responsible people.
First, they will buy all of the securities from institutions such as Washington Mutual. Then, when people say they can’t afford the mortgage, instead of foreclosing, because the government could never do that, they will write down the principal owed to whatever the borrower can afford.
September 18, 2008 at 8:16 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272595Participant[quote=murf2222]Did I hear correctly today that the reason for the 400+ point day on Wall St. is that the government is going to absorb a lot of the banks foreclosure debt?
If this is true then how is this going to affect the REO inventories?
Murf2222[/quote]
I figure that they will do what I would feel to be the most unjust to responsible people.
First, they will buy all of the securities from institutions such as Washington Mutual. Then, when people say they can’t afford the mortgage, instead of foreclosing, because the government could never do that, they will write down the principal owed to whatever the borrower can afford.
September 18, 2008 at 8:16 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272601Participant[quote=murf2222]Did I hear correctly today that the reason for the 400+ point day on Wall St. is that the government is going to absorb a lot of the banks foreclosure debt?
If this is true then how is this going to affect the REO inventories?
Murf2222[/quote]
I figure that they will do what I would feel to be the most unjust to responsible people.
First, they will buy all of the securities from institutions such as Washington Mutual. Then, when people say they can’t afford the mortgage, instead of foreclosing, because the government could never do that, they will write down the principal owed to whatever the borrower can afford.
September 18, 2008 at 8:16 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272643Participant[quote=murf2222]Did I hear correctly today that the reason for the 400+ point day on Wall St. is that the government is going to absorb a lot of the banks foreclosure debt?
If this is true then how is this going to affect the REO inventories?
Murf2222[/quote]
I figure that they will do what I would feel to be the most unjust to responsible people.
First, they will buy all of the securities from institutions such as Washington Mutual. Then, when people say they can’t afford the mortgage, instead of foreclosing, because the government could never do that, they will write down the principal owed to whatever the borrower can afford.
September 18, 2008 at 8:16 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #272667Participant[quote=murf2222]Did I hear correctly today that the reason for the 400+ point day on Wall St. is that the government is going to absorb a lot of the banks foreclosure debt?
If this is true then how is this going to affect the REO inventories?
Murf2222[/quote]
I figure that they will do what I would feel to be the most unjust to responsible people.
First, they will buy all of the securities from institutions such as Washington Mutual. Then, when people say they can’t afford the mortgage, instead of foreclosing, because the government could never do that, they will write down the principal owed to whatever the borrower can afford.
ParticipantI’m cheating:
#1: Carmel Valley
#2: San Marcos
#3: Escondido
#4: Chula Vista
#5: 4SParticipantI’m cheating:
#1: Carmel Valley
#2: San Marcos
#3: Escondido
#4: Chula Vista
#5: 4SParticipantI’m cheating:
#1: Carmel Valley
#2: San Marcos
#3: Escondido
#4: Chula Vista
#5: 4SParticipantI’m cheating:
#1: Carmel Valley
#2: San Marcos
#3: Escondido
#4: Chula Vista
#5: 4SParticipantI’m cheating:
#1: Carmel Valley
#2: San Marcos
#3: Escondido
#4: Chula Vista
#5: 4S -
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