jaguire89

Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea

Incredible!. People wake up. Your home is devalueing for one simple reason there is no end in sight. Nothing has worked yet. Folks Dept. of HUD has for decades tracked real estate values. Our homes were and are over priced. These judges will use commen sense and sources. I guarantee that the appraisors selected to assist these judges with reassessing values will be far more helpful and accurate with there figures. Then the pressures the same appraisors would have gotten from the original banks who put together.these original loans. THIS WILL PUSH BANKS TO RENEGOTIATE QUICKER OR BE FORCED TO LOSE MORE PER LOAN. End in sight then!!!!!!