Will Congress Fix Our Mortgage Loan Problems?

Jun 26th, 2010  
by IrvineRenter  in Library News

Astute Observations

Astute Observation by chromatin
2010-06-26 08:28 AM

I saw this featured house the lawn doesn’t look like that anymore. Looks like they moved out and left the house.

Astute Observation by Anonymous
2010-06-26 10:56 AM

Jobless Homeowners Set for $1 Billion in Aid

http://online.wsj.com/article/SB10001424052748703615104575329130832886238.html?mod=WSJ_article_MoreIn

Astute Observation by newbie
2010-06-26 03:40 PM

Right—Congress is going to fix the lending.
Like fix is for the leaner to convert the defective non-preforming loans to good non-preforming loans.

It will be a chance to put in legit loan documentation (income and appraisals) to borrow 10x yearly income for a 3.5% down loan.  Likely hood of FC, high.  But it stated and liability is assumed by the taxpayers this round.  In other word, the new loans will be legit—just non-preforming.

Quickly buy, it less than $400 per square foot.  You’ll be priced out of the market.  Rates will never be this low.

Astute Observation by Anonymous
2010-06-26 04:40 PM

Fannie Mae to Charge Strategic Defaulters, for Everything

http://www.housingwire.com/2010/06/25/fannie-mae-to-charge-strategic-defaulters-for-everything?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+housingwire/uOVI+(HousingWire)

Astute Observation by Food
2010-06-26 08:02 PM

This is outrageous.  There should be no difference among strategic defaulters, casual defaulters, or other type of defaults.  A default is a default.

If banks allow some certain defaulters to go free, shouldn’t that be a excuse for a lawsuit to discharge the targeted defaulters from any further obligations?

Astute Observation by Anonymous
2010-06-26 04:41 PM

On the lighter side, a T-shirt related to one of IRs graphics above:

Death Star: Too Big to Fail Shirt
http://www.zazzle.com/death_star_too_big_to_fail_tshirt-235137300642689960

Astute Observation by SnotNose
2010-06-26 06:10 PM

$385 / square foot—as an outsider, it seems the Irvine is still way overpriced.  With the California economy, how can there be enough buyers with that kind of financial horsepower to afford these things?

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