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Bair Weighs Loan Principal Cuts to Fight Foreclosure
Bloomberg
| December 3, 2009
Posted on 12/04/2009 8:35:56 AM PST by Lorianne
Source material cannot be posted
TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS:
1
posted on
12/04/2009 8:35:56 AM PST
by
Lorianne
To: Lorianne
2
posted on
12/04/2009 8:36:25 AM PST
by
Lorianne
To: Lorianne
It does not matter how much you modify a mortgage, if the mortgagee is unemployed and cannot make the payments no matter how cheap they are.
3
posted on
12/04/2009 8:42:38 AM PST
by
Bean Counter
(Stout Hearts....)
To: Lorianne
At some point in time someone needs to point out this crap is illegal.
To: Lorianne
What a great idea! I think I'll stop paying my mortgage immediately. Within a few months, I should qualify, saving me thousands.
5
posted on
12/04/2009 8:45:20 AM PST
by
TonyInOhio
(I hate Illinois Nazis.)
To: org.whodat
Exactly.
Also, I didn't hear anyone saying they wanted to increase their principal when their property values were going up!
6
posted on
12/04/2009 11:13:46 AM PST
by
Lorianne
To: Lorianne
Wouldn’t reducing the principal on a mortage, trigger the CDS written on it?
7
posted on
12/04/2009 2:41:08 PM PST
by
razorback-bert
(We used to call them astronomical numbers. Now we should call them economical numbers.)
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