The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: 10K a day who wrote (86087)	8/19/2007 10:25:24 AM
From: Tradelite	Read Replies (1) of 306849

One thing that should become law really soon: do away with pre-payment penalties on mortgage loans. These penalties were done away with many years ago. How they came back into fashion all of a sudden is a mystery to me, but those penalties alone can sink a borrower who wants to and otherwise can refi into a more comfortable loan to avoid foreclosure. Looks like lenders shot themselves in the feet when they started sneaking these penalties into the loan documents.

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