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Housing secretary pushes mortgage write-downs
Reuters ^
| 4/6/2012
| Reporting by Margaret Chadbourn; Editing by Richard Chang)
Posted on 04/06/2012 6:54:06 PM PDT by blueyon
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
(Excerpt) Read more at reuters.com ...
TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: fanniemae; foreclosure; mortgage; obama
Aww I see it is the Friday night "lets see who cam come up with the stupidest idea and make the public think it is a good thing" game at the White House
1
posted on
04/06/2012 6:54:10 PM PDT
by
blueyon
To: blueyon
Good luck with that and it won't accomplish anything.
The bottom is not within sight.
2
posted on
04/06/2012 6:55:49 PM PDT
by
elkfersupper
( Member of the Original Defiant Class)
To: elkfersupper
” Good luck with that and it won’t accomplish anything.
The bottom is not within sight. “
No with this friggin Marxist.....no end in sight.
3
posted on
04/06/2012 6:58:33 PM PDT
by
stephenjohnbanker
(God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
To: blueyon
Thank God they are building in “safeguards.” Otherwise, there’s no telling how many people might attempt to cheat Big Fed.
To: blueyon
I knew I should have bought that mansion I knew I could not afford, but yet the bank was willing to give me the money anyway! Why am I so responsible?
5
posted on
04/06/2012 7:05:35 PM PDT
by
rawhide
To: blueyon
How long are people that are paying their bills supposed to continue to pay their bills (on time) with crap like this going on?
IOW, why them and not me? (rhetorical question)
6
posted on
04/06/2012 7:07:07 PM PDT
by
sauropod
(You can elect your very own tyranny - Mark Levin)
To: blueyon
I just did a VA streamline refinance. During the process I got a letter from the tax assessor informing my value had dropped another ten grand. Wish I could get my principle dropped.
7
posted on
04/06/2012 9:14:01 PM PDT
by
Terry Mross
("It happened. And we let it happen." - Peter Griffin, Family Guy)
To: blueyon
There should be a revolt for those that have sacrificed and payed off their homes.
New we should have waited for obama /s
To: sauropod
"How long are people that are paying their bills supposed to continue to pay their bills (on time) with crap like this going on? I no longer think it prudent to work hard and be a good citizen. Those are painful words. The 50% of us who are supporting the other 50% need to stop. Time to reboot the system.
9
posted on
04/06/2012 9:33:29 PM PDT
by
ciaocotc
To: blueyon
Why stop with mortgages.
Auto loans.
Student loans.
Credit Cards.
Personal Loans.
Forgive them all. . . . .
10
posted on
04/07/2012 4:11:24 AM PDT
by
DeaconRed
(ZERO supporters are stuck on stupid. . . Always were, always will be. . .)
To: ciaocotc
"Time to reboot the system."
Past TIME! ! ! ! !
11
posted on
04/07/2012 4:14:23 AM PDT
by
DeaconRed
(ZERO supporters are stuck on stupid. . . Always were, always will be. . .)
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