the prob is the gov dont care they are trying to make a new wrold order and the part they are trying to do is one bank in the hole wrould the central bank of amerca anytime they pass someting it a nothere loan the goverment take form central bank of amerca
You and everyone else can give theories on the why aspect of the "problem" all day long until you're green and blue in the face. But, WE have the power to force the solution down their throats. If you count, we outnumber. Remember, it's OUR money and the defeated mentality of simply sitting around and watching this happen is not a solution. BTW, they are not trying, they HAVE a new order - so as a people, what are you willing to do about it?
(cont) I will say this. Your plan IS better than the bailout plan. But its not even close to what we need. Its like taking what the Banks and Fed wanted to do and "nerfing" it. Fixing interest rates and such inevitably creates a financial bubble because you're artificially and forcefully fixing prices and rates. Eventually, this becomes so dislodged with true market value that you get paralysis.
I might have already responded, please excuse if so.
There is no permanent fixing at all. Step number 3 which you are refering to is during the 90 day moratorium - temporary payments. Number 4, will refi under current market pricing at the time.
Funny thing is, all realtors and loan officers are modifying loans as we speak and this is the process. I just want to make it law so that the economy recovers.
First of all--I applaud you for caring enough to do this. Unfortunately, the "brain" has screwed this up so bad its almost impossible to "control" a way out of it.
A moratorium on foreclosures would help americans, but it would completely destroy foreign faith in our currency and our financial system. We SOLD a lot of those mortgages overseas. To paralyze foreclosures would be to paralyze foreign investment and foreign trust.
I can appreciate your words but I think you missed the point that is step 3. That is a temporary solution/payment structure. Step 4 is a permanent solution - a 30 year fixed rate FHA INSURED loan. That margin cap is for temp pmts. It's what all real estate and mortgage brokers are doing anyway because there's no loans or sales...
Actually, I've conducted homebuyer seminars since 1994. I was featured on "Primer Impacto" for the seminars on October, 1994. Maybe later, I will post that video in the near future - I need Univision's permission first.
the prob is the gov dont care they are trying to make a new wrold order and the part they are trying to do is one bank in the hole wrould the central bank of amerca anytime they pass someting it a nothere loan the goverment take form central bank of amerca
hto1971 3 years ago
You and everyone else can give theories on the why aspect of the "problem" all day long until you're green and blue in the face. But, WE have the power to force the solution down their throats. If you count, we outnumber. Remember, it's OUR money and the defeated mentality of simply sitting around and watching this happen is not a solution. BTW, they are not trying, they HAVE a new order - so as a people, what are you willing to do about it?
EnriqueRealtor 3 years ago
(cont) I will say this. Your plan IS better than the bailout plan. But its not even close to what we need. Its like taking what the Banks and Fed wanted to do and "nerfing" it. Fixing interest rates and such inevitably creates a financial bubble because you're artificially and forcefully fixing prices and rates. Eventually, this becomes so dislodged with true market value that you get paralysis.
exavior75 3 years ago
I might have already responded, please excuse if so.
There is no permanent fixing at all. Step number 3 which you are refering to is during the 90 day moratorium - temporary payments. Number 4, will refi under current market pricing at the time.
Funny thing is, all realtors and loan officers are modifying loans as we speak and this is the process. I just want to make it law so that the economy recovers.
EnriqueRealtor 3 years ago
First of all--I applaud you for caring enough to do this. Unfortunately, the "brain" has screwed this up so bad its almost impossible to "control" a way out of it.
A moratorium on foreclosures would help americans, but it would completely destroy foreign faith in our currency and our financial system. We SOLD a lot of those mortgages overseas. To paralyze foreclosures would be to paralyze foreign investment and foreign trust.
exavior75 3 years ago
I can appreciate your words but I think you missed the point that is step 3. That is a temporary solution/payment structure. Step 4 is a permanent solution - a 30 year fixed rate FHA INSURED loan. That margin cap is for temp pmts. It's what all real estate and mortgage brokers are doing anyway because there's no loans or sales...
EnriqueRealtor 3 years ago
I sat through all three. You should too...Informative
2bUprightPs112 3 years ago
Actually, I've conducted homebuyer seminars since 1994. I was featured on "Primer Impacto" for the seminars on October, 1994. Maybe later, I will post that video in the near future - I need Univision's permission first.
EnriqueRealtor 3 years ago