Mortgage Relief - A concerned American's solution to the mortgage melt downs

A concerned American's solution to the mortgage melt downs

Category:

News & Politics

Tags:

• Mortgage Relief
• Mortgage Reduction
• Mortgage Mandates 4.5%
• Stop FORECLOSURES
• Balloon Payments
• Excessive Interest Rates
• Economic Crisis
• U.S. Economy
• Default
• Jeanie Cunningham

[cuadrature]

Weeje, at this point you should realize that the current global economic meltdown has been intentionally engineered! The secret elites of the world (Masons, Illuminati, etc.)wish to collapse the dollar and establish a "New World Order" of things. Do some research on the Federal Reserve and fractional reserve banking to see for yourself how the American people have been dupped and robbed since 1913, the year the FR was fraudulently established by congress with the blessing of president W. Wilson.

[WeejeC]

cuadrature; you and my brother Caleb are convinced of the NWO, Illuminati, Masons, Bildeberger, Plutocratical conspiracies. (I've seen Zeitgeist 3 times if that helps). At this stage of the game, I don't know WHAT to think. It's hard to believe what has happened to our country in just MY lifetime, but since you mentioned our being duped since the FedRes of 1913, how 'bout the subsequent JP Morgan engineering of the depression...deja vu, perhaps? Who knows WHAT or WHO to believe anymore?

[WeejeC]

Oh NO! Say it ain't SO! Yesterday I heard on CNN, (?), that some REPUBLICANS are all for doing an across the board mortgage rate cut to 4%. WHAT?!? I mean, I heard Steve Forbes suggesting all FHA loans be reduced to 4.5% last week, but ALL mortgages reduced to 4%? The reasons these Republicans gave were the same as mine...more discretionary income helps the economy, more property taxes get paid, more likely that banks will see more of their loans paid than dropped. Hmmmm. Stay tuned!

[pmango1000]

weejec: since gas prices fell over 50%....discretionary income HAS gone up and FAST...that average American who drives 1000k miles a month is saving abut $100 a month compared to the height...it just needs time to reflect in the economy...we will be ok...but if the government starts mandating the interest rates that banks can charge....it would be disastrous as many bank would get out of that business

[WeejeC]

Hi pmango1000! Here...let me paste an email sent recently:

WeejeC: I agree with you. It would not affect me since I am 75 years old and my house is paid except my house hopefully would go back to its original value so that when I would have to go to a senior home I could afford it.

Since I have family in Europe please note the following rates:Switzerland 2.5%;

Sweden  3.5%

It would help wouldn't it?

Sincerely,

R. Rickenbacher

Hmmm. How are Swiss banks doing?

[arealtribute]

Corsaircid: I couldn't agree with you more...our government bailed out the banks using OUR taxpayer dollars, and those same banks are receiving money to lend at 0% interest and not even bothering to give out small business loans and are charging between 16 to 30% on credit cards. This next year will be even rougher on Americans as their ARM loans reset--the banks won't even stall doing that, so more people will lose their homes. We DO deserve better, but won't get it through our government!

[Corsaircid]

Hi Weeje,

Ireland has a serious financial problem and we now owe 60Billion since the Irish banks went bust exactly 2 yrs ago.We now are faced with our government placing tough times on us.The property market here was too, the cause of the problem because of our over-pricing and building.

However,the banks will not foreclose homes in Ireland because our government bailed them out with our taxes.

Why does this not apply to you guys in the US?

You deserve better!

Cheers!

[MopDMTBARTL]

thx!

[wazoome]

You should speak to a professional. I am far from that. I went through the same thing as you years ago.

[MopDMTBARTL]

warzoome i got a question. when i finally woke up, I realized, why am I living in such a big house by myself w/ this big loan. I figured out cheaper ways to live & want to live more below my means and want to sell my house. though i don't believe i'll be able to sell it now for what I owe on my loan. I might have to owe 20k. would it be better to just stay in my house for now?

[JonGorskikhLive]

I agree but I think 4.5% is still too much. It should not be no more than 2%-0% and all unsecured loans should be wiped out. If you want to know more about what I think you can watch me at JonGorskikhLIve.

[jeanqbxx]

Borrowers who are in ARMs are bad payers, you can modify thier loans to a 4% IR and they will still falling behind in their payments becuase they are bad payers, these people dont know how to handle thier debt, they want more and more without making enough. I think these people should learn how to handle debt before getting a mod.

[trzeppelinz]

the problem with a flat, government enforced mortgage rate is not the stability issue. that is indeed a benefit. the problem is access. that rate, that percentage figure, represents the bank accounting for the risk of a default (this is essentially self-insuring). The lower the enforced rate is, the fewer people the bank will feel safe lending money (only the best off financially; the least risky). the market is more efficient than the gov in finding the optimal rate. there is no panacea.