Comments on: The Mortgage Meltdown Signs Were There All Along http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/ Wise Choices. Improved Finances. A Better Life. Sat, 20 Mar 2010 11:40:08 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Hard Times Ahead: How To Survive When The Going Gets Tough | My Super-Charged Life http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-7142 Hard Times Ahead: How To Survive When The Going Gets Tough | My Super-Charged Life Tue, 30 Sep 2008 13:35:31 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-7142 [...] Back in April, I wrote Subprime Mortgage Crisis Is Going To Cost Us Money.  Well, here we are in September and one way or another, many of us are going to end up paying for this mess.  Of course, I have not been the only one writing about this, in fact, as Ron points out, The Mortgage Meltdown Signs Were There All Along. [...] [...] Back in April, I wrote Subprime Mortgage Crisis Is Going To Cost Us Money.  Well, here we are in September and one way or another, many of us are going to end up paying for this mess.  Of course, I have not been the only one writing about this, in fact, as Ron points out, The Mortgage Meltdown Signs Were There All Along. [...]

]]> By: Mortgage Meltdown Mess: What to do? | Simple Debt-Free Finance http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-7086 Mortgage Meltdown Mess: What to do? | Simple Debt-Free Finance Mon, 29 Sep 2008 13:03:59 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-7086 [...] Ron, over at The Wisdom Journal, has an excellent post detailing the road to ruin titled The Mortgage Meltdown Signs Were There All Along. [...] [...] Ron, over at The Wisdom Journal, has an excellent post detailing the road to ruin titled The Mortgage Meltdown Signs Were There All Along. [...]

]]> By: Four Pillars http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-7029 Four Pillars Fri, 26 Sep 2008 03:31:14 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-7029 Pretty interesting to see all the history behind recent events. I wasn't aware that the admin knew about problems with Fannie & Freddie. Lots of research for this post! Mike Pretty interesting to see all the history behind recent events. I wasn’t aware that the admin knew about problems with Fannie & Freddie.

Lots of research for this post!

Mike

]]> By: Ron http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-6994 Ron Thu, 25 Sep 2008 18:22:04 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-6994 <a href="#comment-6991" rel="nofollow">#</a>annon→ That's a good possibility but I think the Feds, since they're paying only 30 cents on the dollar, will cut the principle balances and set these people up with a 30 year fixed note (which they'll be much better able to afford) and then re-sell the loans to the private sector at a profit. Then in 3 years, when there's a HUGE influx of monies into the public treasury, Congress will go on a wild spending spree as if the money will never stop coming in and 5 years after that...we will be facing another financial crisis. #annon→
That’s a good possibility but I think the Feds, since they’re paying only 30 cents on the dollar, will cut the principle balances and set these people up with a 30 year fixed note (which they’ll be much better able to afford) and then re-sell the loans to the private sector at a profit.

Then in 3 years, when there’s a HUGE influx of monies into the public treasury, Congress will go on a wild spending spree as if the money will never stop coming in and 5 years after that…we will be facing another financial crisis.

]]> By: annon http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-6991 annon Thu, 25 Sep 2008 18:11:06 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-6991 They are determined to "help people stay in their homes" I guess this means foreclosure forbearance and loan modification. Obviously this is not fair at all and can drive a prudent person nuts. My money is on the prudent person slowing slipping into imprudent ways. The prudent people still paying their loans which were obtained in the last 5 years in addition to putting 5 to 20 percent down and yet still underwater what will they do? I think these people should stop paying their mortgages and qualify for the forbearance because they will be able to squeeze a good year of living for free in the house. The downside is simply a 3 year credit hit but who cares. Right? They are determined to “help people stay in their homes” I guess this means foreclosure forbearance and loan modification. Obviously this is not fair at all and can drive a prudent person nuts. My money is on the prudent person slowing slipping into imprudent ways. The prudent people still paying their loans which were obtained in the last 5 years in addition to putting 5 to 20 percent down and yet still underwater what will they do?

I think these people should stop paying their mortgages and qualify for the forbearance because they will be able to squeeze a good year of living for free in the house. The downside is simply a 3 year credit hit but who cares. Right?

]]> By: I’m Just Really Frustrated Right Now | The Wisdom Journal http://www.thewisdomjournal.com/Blog/the-mortgage-meltdown-signs-were-there-all-along/comment-page-1/#comment-6984 I’m Just Really Frustrated Right Now | The Wisdom Journal Thu, 25 Sep 2008 16:45:39 +0000 http://www.thewisdomjournal.com/Blog/?p=397#comment-6984 [...] people who caused it aren’t going to be blamed though…they’re the ones in charge of [...] [...] people who caused it aren’t going to be blamed though…they’re the ones in charge of [...]

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