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How to Fix Housing Crisis, Economy Without Bailout Obama Dodd Frank FHA Hope for Homeowners

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Uploaded by on Nov 25, 2008

HOW TO FIX HOUSING WITHOUT COSTING THE AMERICAN TAXPAYER $1.00!
1. MANDATE Lenders accept net proceeds from FHA HOPE for Homeowners Program (about 93% of the current appraised value).
2. Homeowners execute a "SILENT SECOND" in favor of Lenders - valued at 50% of the equity whenever Homeowners sell their property.
3. STREAMLINE the FHA HOPE for Homeowners Program.

* Lenders have cash liquid - NOW!
* Money circulates - NOW!
* Lenders Retain Equitable Vesting (Silent Second).
* Homeowners remain in their homes with Reduced: Principal, Interest and Payments.
* Funds are deposited into FHA Insurance Pool (to cover future foreclosures).
* Investor's (Wall St) confidence is restored as they'll know mortgages will get paid again and are Federally Insured (FHA).
* Economy naturally expands.
* Jobs are created.
* We close the books on ALL Toxic mortgages.

If you don't like it, you don't understand it.

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Uploader Comments (EnriqueRealtor)

  • It isn't that I disagree, it's that you misunderstood. I don't know where you got me saying bailout - THAT I disagree with.

  • Bailout? What Bailout? Watch the new video with better explaination of the same.

  • I don't disagree but realistically, we need to find a better medean that a bailout for either Lender or Homeowner - it's not the Taxpayer's fault!

  • You're not hinking. It is simple. Let the Lender and Homeowner carry the burden and reap the benefits on their own. Again, watch the new video posted March 25

  • Please watch the newest video, maybe it'll explain the same a little better. REMEMBER, no bailout money is being used in this plan for the Lender or Homeowner. Please think about it.

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