Anonymous_IHB
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<A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a.Mt1z_lDw5o&refer=home">http://www.bloomberg.com/apps/news?pid=20601087&sid=a.Mt1z_lDw5o&refer=home</A>
Treasury Announces New Plan to Aid Mortgage Holders (Update1)
- Thread starter Anonymous_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Soylent Green Is People_IHB
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Most 2nd TD (bag) holders are completely hosed anyway. More stimulating stimulus that isn't all that helpful.
No one is taking on the mortgage elephant in the room: the non-fannie/freddie loans that aren't being modded or refinanced out into lower loans. All of those "stated-stated" products that are for the most part foreclosures in waiting. Once they get serious about modding those loans then we'll see some stabilization. Until then everything all else is a spongebob band-aid placed over an open artery gash.
My .02
SGIP
No one is taking on the mortgage elephant in the room: the non-fannie/freddie loans that aren't being modded or refinanced out into lower loans. All of those "stated-stated" products that are for the most part foreclosures in waiting. Once they get serious about modding those loans then we'll see some stabilization. Until then everything all else is a spongebob band-aid placed over an open artery gash.
My .02
SGIP