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Robb (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 01:48 PM Original message |
Administration: Mortgage program helping 20 percent of eligible homeowners |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 01:57 PM Response to Original message |
1. Erm, $75 billion has been budgeted/estimated for the effort but not actually spent |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:05 PM Response to Original message |
2. banks are choosing not to help people keep thier homes |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:12 PM Response to Reply #2 |
3. HMP has strict requirements for eligibility... |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:16 PM Response to Reply #3 |
4. yeah, sure. Okay, what you say. |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:26 PM Response to Reply #4 |
6. DTI must be brought downt to 38% and then the gov't |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 03:29 PM Response to Reply #6 |
11. The lender is on the hook to drop the DTI to 38% |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:10 PM Response to Reply #11 |
14. Not exactly.... |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:49 PM Response to Reply #14 |
15. Bingo |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:51 PM Response to Reply #15 |
16. We are on the same page... |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:55 PM Response to Reply #16 |
18. Thinking the same thing |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:24 PM Response to Reply #2 |
5. There's actually a very thorough report explaining why servicers are not modifying more |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:42 PM Response to Reply #5 |
7. in other words there's more money for the servicers if they foreclose |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:49 PM Response to Reply #7 |
8. Servicers are driving this as banks are generally the originators |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 03:07 PM Response to Reply #8 |
10. The whole thing cracks me up... |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 03:33 PM Response to Reply #10 |
12. Different types of servicing are addressed in the article proper |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:08 PM Response to Reply #12 |
13. But there conclusions are all based on fee-based servicing.. |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 05:53 PM Response to Reply #13 |
17. Oh I know, however this article was not to establish loss |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Tue Nov-10-09 02:57 PM Response to Reply #7 |
9. You can believe conspiracies... |
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