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
New member
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