Lin

Three Problems with the Fannie / Freddie Mortgage Modifications

fatcat ,flash ,k9 ,cadogy,

You are correct ! . Those of us who put 20 % down , 28% ltv fixed mortgages on homes we could afford are getting f**ked without even a kiss!
This is welfare that rewards financial irresponsibility . You are also correct in saying " we used to be rich ".What happens when these losers default again ? You know they will , demanding more handouts ! kp is correct in wondering " what happens to all those equity lines of credit ?"