Comments on: Krugman: Housing Bill, At Best, Will Make Modest Dent In Foreclosures http://housingdoom.com/2008/07/31/krugman-housing-bill-at-best-will-make-modest-dent-in-foreclosures/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: Hutch http://housingdoom.com/2008/07/31/krugman-housing-bill-at-best-will-make-modest-dent-in-foreclosures/#comment-13512 Hutch Fri, 01 Aug 2008 06:23:08 +0000 http://housingdoom.com/?p=1544#comment-13512 Freddie Mac Pushes Out Foreclosure Timelines: allows previously modified loans to be re-modified. from Housingwire http://www.housingwire.com/2008/07/31/freddie-mac-pushes-out-foreclosure-timelines/ Igor says: deceive Freddie Mac Pushes Out Foreclosure Timelines:
allows previously modified loans to be re-modified.
from Housingwire http://www.housingwire.com/2008/07/31/freddie-mac-pushes-out-foreclosure-timelines/

Igor says: deceive

]]> By: Tobby http://housingdoom.com/2008/07/31/krugman-housing-bill-at-best-will-make-modest-dent-in-foreclosures/#comment-13511 Tobby Fri, 01 Aug 2008 05:56:55 +0000 http://housingdoom.com/?p=1544#comment-13511 Upon closer examination this housing bill is looking more and more like a smoke screen. The lending part is a joke. Did away with FHA downpayment assistance. Added 1/2 to the required downpayment. Requires borrowers to jump through flaming hoops to get a loan modification. And then after they get it, requires them to share half the appreciation (if that ever occurs) with FHA. Most borrowers will probably just walk away. The GAO estimates 400,000 borrower could qualify. Those in the biz say we will be lucky to see 80,000 even apply. The real bail out was the backing of the GSEs. This could save the day or saddle us taxpayers with even more debt. Upon closer examination this housing bill is looking more and more like a smoke screen. The lending part is a joke. Did away with FHA downpayment assistance. Added 1/2 to the required downpayment. Requires borrowers to jump through flaming hoops to get a loan modification. And then after they get it, requires them to share half the appreciation (if that ever occurs) with FHA. Most borrowers will probably just walk away. The GAO estimates 400,000 borrower could qualify. Those in the biz say we will be lucky to see 80,000 even apply. The real bail out was the backing of the GSEs. This could save the day or saddle us taxpayers with even more debt.

]]> By: brucewho http://housingdoom.com/2008/07/31/krugman-housing-bill-at-best-will-make-modest-dent-in-foreclosures/#comment-13510 brucewho Thu, 31 Jul 2008 22:29:45 +0000 http://housingdoom.com/?p=1544#comment-13510 I like Krugman. I think he is more honest than most in the MSM but marginalized because of it even if it tends to be left of center. But reality bites. Short of a fairy tale magic wand (remember Bush said he wishes he had one) there will be more foreclusures, job loses, and loan defaults. We are no where near the bottom. Wishing it away and discombobulating the truth won't work in the long run. This has got to play out and it's gonna be fugly. I like Krugman. I think he is more honest than most in the MSM but marginalized because of it even if it tends to be left of center. But reality bites. Short of a fairy tale magic wand (remember Bush said he wishes he had one) there will be more foreclusures, job loses, and loan defaults. We are no where near the bottom. Wishing it away and discombobulating the truth won’t work in the long run. This has got to play out and it’s gonna be fugly.

]]> By: toysarefun http://housingdoom.com/2008/07/31/krugman-housing-bill-at-best-will-make-modest-dent-in-foreclosures/#comment-13509 toysarefun Thu, 31 Jul 2008 22:22:47 +0000 http://housingdoom.com/?p=1544#comment-13509 I think that's why we are calling it a bailout. The foreclosures will have to run their course no matter what. The few who can get some help from it are the lucky ones. The rest just are not smart enough with money or are smart with money and will game the system as they always do. We live in a temporary fix kind of society. Here is the grandfather report on the state of social security. http://mwhodges.home.att.net/deficit-trusts.htm I think that’s why we are calling it a bailout. The foreclosures will have to run their course no matter what. The few who can get some help from it are the lucky ones. The rest just are not smart enough with money or are smart with money and will game the system as they always do. We live in a temporary fix kind of society.

Here is the grandfather report on the state of social security.

http://mwhodges.home.att.net/deficit-trusts.htm

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