Rosie Brooks had her $48,000 mortgage forgiven in exchange for a one-time $3,000 payment. Sweet deal I wonder how that works maybe we should all be deadbeats!
Posted on 12/19/2009 7:35:14 AM PST by FromLori
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment.
Wynn, a program director for a youth home in North Carolina, is just one of a growing number of homeowners getting dream workouts on their mortgages. Some are even getting sweet 2% deals.
(Excerpt) Read more at money.cnn.com ...
Anyone that signs up for a 13.4 mortgage or did not get out of their adjustable when rates were down...is DUMB.
Rosie Brooks had her $48,000 mortgage forgiven in exchange for a one-time $3,000 payment. Sweet deal I wonder how that works maybe we should all be deadbeats!
See post 3
ping
Parasite.
By hard working taxpayers via proxy.
Who lost the money taxpayers or lender?
She's a member of the majority today.
obama DID give her a house
I’ll be d@mned, those ululuating welfare queens were right
obama DID give her a house
I’ll be d@mned, those ululating welfare queens were right
These companies, the American International Group, Fannie Mae, Freddie Mac and GMAC, are not only unable to repay the government, they are in need of continuing infusions that make them look increasingly like long-term wards of the state.
And the total risk they pose to the taxpayer far exceeds that of the big banks. Fannie and Freddie, in the final days of the year, are even said to be negotiating with the Treasury about greatly expanding the money available to them.
Though the four are not in all the same businesses, they were caught in one of the same traps: They sold mortgage guarantees — in some cases to each other. Now when homeowners default, as they are doing in record numbers, these companies are covering the losses. Essentially, taxpayer money to these companies is being used partly to protect banks and other investors who own the mortgage
http://www.nytimes.com/2009/12/17/business/17wards.html?_r=1&em
obama didn’t giver her a house WE DID.
So, whose crazy or stupid now?
You're right.
try telling HER that
all her gratitude will be to obama, not to whitey who paid the taxes and deposited money in those corrupt banks
I’m thinking “reverse Cloward-Piven strategy.”
Idiot extraordinaire.
Hard working taxpayers supporting the right to be stupid.
I don't know about that.
Here we have an individual who was too big to fail, so they saved him.
YOU and I are going to pick up the tab.
Who's the idiot?
Many hardworking Americans just don’t see that this administration is out to destroy them in the name of redistribution of wealth. We create the wealth and government will take it away to give to those who did not work for it, or those who were irresponsible with what money they did have. Unfortunately, the Obama true believers will find out how wrong they were about this lying SOB too late, when they are bankrupt and no one will come along to bail them out. For many now, it’s already too late.
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