Did you consider McCain's plan to buy up fruitless mortgages to acquire things on track?
ACORN + Obama = subprime mortgage meltdown.
That is what the great community organizer has accomplished. If specifically "equal rights" then you can count me out. Pray for a miracle.
Answers:
Even "bad" mortgages have a "open market value". They're still backed by real estate.
If you in actual fact know something about the mortage business, please share it with us.
If you don't, why not newly say so -- we won't laugh at you.
I call Countrywide and they said that this plan to re-assess property is being implemented already.....Its call a "short refi" and the program started Oct.1. McCain is not a conservative but his plan is better than Obama's non-plan of "tax the rich and let rule save you". Source(s): BTW ACORN is involved with the meltdown since they pushed profoundly of these bad loans into the system. The two Senators who are most to blame are the one in charge of Banking and the one for Finance......two Democrats...Senators Barney Frank and Chris Dodd respectively.
I bought my home for $150000. My dumb aS$ co-worker bought his house for $200000. By the price, you can tell his house is much larger and nicer than mine is. My payments are other on time. He is just establishment to default on his loan because of the ARM variable. McCain steps within and refinances his loan at todays market value, $160000. So immediately he gets to keep a $160000 house for $160000, and I return with to keep my $125000 (today's value) house for the original $150000. He gain $40,000 in home upgrades and I lose $25000 in appeal. Then over the course of the next year, the free-market will re-adjust values to make them correlate to the COMPARABLE values between homes, driving his home pro back up slightly (instant equity for him) and driving mine down just rather bit more.
The end result? He gets to hold on to his appraised $165000 house for $160000 and I get to keep my appraised $120000 house for $150000.
Apparently, it STILL pays to be irresponsible.
Wow, that's some bad information you're putting out in attendance. The bad loans came from greedy mortgage brokers and bank that either committed fraud by filling out fabricate loan applications or turned a blind eye to those bad loans. This wasn't ACORN's fault, and it wasn't Obama's blame. It was the fault of the nation at the SEC and the Treasury who should have been doing their job, and did nothing.
LOL - the reality that you are calling that idea McCain's hints that you are sorely misinformed. The fact that you blame Obama for the meltdown proves it.
EDIT: In response to Mark several responses below mine - if the govt steps contained by and bails your neighbor out, your neighbor will be forking over equity gains in the adjectives to pay the govt back for bailing him out of his loan from what I've read. You should know by in a minute the government doesn't give you anything minus expecting something in return. He won't be getting a free ride, so in the cessation you will be better off. ;o)
I still don't know why we should have to pay because general public bought things they couldn't afford.
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Am I a bleak creature if I work for a mortgage company?
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If McCain desires to buy adjectives the desperate mortgages, who is going to keep up the properties?? They'll be worthless!!?
That is what the great community organizer has accomplished. If specifically "equal rights" then you can count me out. Pray for a miracle.
Answers:
Even "bad" mortgages have a "open market value". They're still backed by real estate.
If you in actual fact know something about the mortage business, please share it with us.
If you don't, why not newly say so -- we won't laugh at you.
I call Countrywide and they said that this plan to re-assess property is being implemented already.....Its call a "short refi" and the program started Oct.1. McCain is not a conservative but his plan is better than Obama's non-plan of "tax the rich and let rule save you". Source(s): BTW ACORN is involved with the meltdown since they pushed profoundly of these bad loans into the system. The two Senators who are most to blame are the one in charge of Banking and the one for Finance......two Democrats...Senators Barney Frank and Chris Dodd respectively.
I bought my home for $150000. My dumb aS$ co-worker bought his house for $200000. By the price, you can tell his house is much larger and nicer than mine is. My payments are other on time. He is just establishment to default on his loan because of the ARM variable. McCain steps within and refinances his loan at todays market value, $160000. So immediately he gets to keep a $160000 house for $160000, and I return with to keep my $125000 (today's value) house for the original $150000. He gain $40,000 in home upgrades and I lose $25000 in appeal. Then over the course of the next year, the free-market will re-adjust values to make them correlate to the COMPARABLE values between homes, driving his home pro back up slightly (instant equity for him) and driving mine down just rather bit more.
The end result? He gets to hold on to his appraised $165000 house for $160000 and I get to keep my appraised $120000 house for $150000.
Apparently, it STILL pays to be irresponsible.
Wow, that's some bad information you're putting out in attendance. The bad loans came from greedy mortgage brokers and bank that either committed fraud by filling out fabricate loan applications or turned a blind eye to those bad loans. This wasn't ACORN's fault, and it wasn't Obama's blame. It was the fault of the nation at the SEC and the Treasury who should have been doing their job, and did nothing.
LOL - the reality that you are calling that idea McCain's hints that you are sorely misinformed. The fact that you blame Obama for the meltdown proves it.
EDIT: In response to Mark several responses below mine - if the govt steps contained by and bails your neighbor out, your neighbor will be forking over equity gains in the adjectives to pay the govt back for bailing him out of his loan from what I've read. You should know by in a minute the government doesn't give you anything minus expecting something in return. He won't be getting a free ride, so in the cessation you will be better off. ;o)
I still don't know why we should have to pay because general public bought things they couldn't afford.
Related Questions: