Cooperation between lenders & wall street investors

NEW -> Contingent Buyer Assistance Program

SDRenter_IHB

New member
<p>I was wondering: what is the chance that wall street investors will "cooperate" with the lenders & borrowers to reduce the number of foreclosures (please see the following relevant articles)</p>

<p><a href="http://money.cnn.com/2007/04/18/real_estate/foreclosure_bailouts_/index.htm?postversion=2007041812">http://money.cnn.com/2007/04/18/real_estate/foreclosure_bailouts_/index.htm?postversion=2007041812</a></p>

<p><a href="http://money.cnn.com/2007/04/18/real_estate/barriers_to_solving_subprime_problems/index.htm?postversion=2007041812">http://money.cnn.com/2007/04/18/real_estate/barriers_to_solving_subprime_problems/index.htm?postversion=2007041812</a></p>

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I have seen where Fannie Mae, WaMu, and a few other lenders are trying to work out some special loans to help these people out. However, I personally see it only delaying the inevitable of foreclosure. What does a couple hundred dollars a month get you for these guys? They are so over leveraged and living from paycheck to paycheck it is ridiculous. I would like to think that their are some good people out their that could and would actually benefit and spend their new savings accordingly....like paying down their principal.
 
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