Replies (1)
- Norm D Plume, "Coolidge or Chaos"
- Contributions:2333
Do they think a homeowner that is totally underwater and has continued to make their payments on time is going to refinance into a lower rate and then decide to stop paying the mortgage??
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yes. If you're far enough under, many just think of it as lowering their rent.
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yes. If you're far enough under, many just think of it as lowering their rent.
Banks not offering full HARP 2.0
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- 0.0/5.0
- Write a review
Contributions:9I work with many lenders (including a few that are utilizing the FULL capability of both Fannie and Freddie HARP 2.0) and so many of them are capping the program at 105% or 125% LTV. How is that going to help people? More banks need to open there eyes to the problem and start helping us reverse this economic crisis that they caused on the first place!
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