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Replies (5)
- HomeSand.net, "White Picture"
- Contributions:4392
Another set back for the doomers!
- Terri Linnell, "DebtsNMesses"
- Contributions:6728
Actually, during the Great Depression the banks learned that foreclosing cost them more money than letting the owners stay without paying. The reason is the owners would maintain and protect the homes for free. Whereas if the bank foreclosed, the empty homes could be stripped, have transients in them, or have their pipes freeze and burst, trees fall on them, etc. --Although I doubt the heads of fannie and freddie could understand these basic facts.
- HomeSand.net, "White Picture"
- Contributions:4392
Their incomes are Millions a year and they could not understand these basic facts!!!!?.
BTW "Another set back for the doomers!" -> "Another sit back (enjoy) for the doomers!", sorry for my bad English!
BTW "Another set back for the doomers!" -> "Another sit back (enjoy) for the doomers!", sorry for my bad English!
- Terri Linnell, "DebtsNMesses"
- Contributions:6728
Nope. They do not know what it is like to recieve unemployment or ssi as their only income or to live on a budget. They are completely unaware what a small price change does. -Nor can they comprehend simple profit and losses. It's just all about numbers and manipulations to achieve their bonuses.
They are the entitled. Put them on a fixed income like ssi, take away all other income, give them only one small home with a big mortgage payment in a severely declining area and they might get a clue. lol Maybe then they'd find some solutions that would work.
They are the entitled. Put them on a fixed income like ssi, take away all other income, give them only one small home with a big mortgage payment in a severely declining area and they might get a clue. lol Maybe then they'd find some solutions that would work.
- BMFPitt
- Contributions:1207
I just don't know how Congress sleeps at night.
They can't possibly be as stupid as they claim to be, which leaves only the possibility of pure evil.
They can't possibly be as stupid as they claim to be, which leaves only the possibility of pure evil.
Fannie and Freddie Buying Back Delinquent Loans
Buying the delinquent loans back would cost less than making those guarantee payments, both companies said.
Late last year, the Obama administration pledged to cover unlimited losses through 2012 for both companies, lifting an earlier cap of $400 billion.
So my question is: Are they going to foreclose on these taxpayers with taxpayers money? Or are they going to hold them until the job market gets better? If they hold, is it because they expect a hyperinflation where people will be able to pay them?
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