Socialism cannot compete!

Wall Street Breakfast: Must-Know News

I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


On Jul 30 08:03 AM doubleguns wrote:

> "defer [payment of] the money owed to a later time when, hopefully,
> home values have improved."
>
> This sounds like if values don't rise you dont make payments. I am
> sure that would prevent forclosures but at what cost. I dont mind
> to defer the payments but it has to be some reasonable period of
> time not "when the home values have improved."

Wall Street Breakfast: Must-Know News

[quote]
New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
[end quote]

Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!