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Three Problems with the Fannie / Freddie Mortgage Modifications
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I agree with K9. The homeowners who really should get help are the ones who were responsible going in: 20% down, full docs, DTI you can afford.
Instead, the 80/20 people who lied about their income are the ones getting the first handout and the 20% down people are getting screwed!
You'll never see the government help the 20%ers though... because they're "rich" {or at least used to be}.
Nov 11 20:10 pm
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I agree with K9. The homeowners who really should get help are the ones who were responsible going in: 20% down, full docs, DTI you can afford.
Nov 11 20:10 pm
|Rating:
+1
0
All Comments by cadoggy »Three Problems with the Fannie / Freddie Mortgage Modifications [View article]
Instead, the 80/20 people who lied about their income are the ones getting the first handout and the 20% down people are getting screwed!
You'll never see the government help the 20%ers though... because they're "rich" {or at least used to be}.