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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (533510)11/30/2009 5:45:41 PM
From: i-node1 Recommendation  Read Replies (2) of 1575046
 
For an example......say your monthly mort. payment is $1000. Of that amount, interest is $900; principle[SIC] is $100

Mortgage expert doesn't know the different between "principle" and "principal".


Banks don't like to modify loans.....in fact, they don't like to work with borrowers who are in trouble.

You are so totally FOS I can't believe it. Banks don't like nonperforming loans at all. But once they've got a problem, they fall all over themselves to turn them into performing loans because they don't have to take the loss now if the loan is performing, and no bank in its right mind wants to take the loss now if they can possibly collect payments for another year and see where the market stands there.

You totally do not have any idea what you're talking about.
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