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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (166339)11/22/2008 1:37:29 PM
From: neolibRead Replies (1) | Respond to of 306849
 
Yeah, why doesn't the Gov agree to buy any mortgage that the borrower agrees to convert to full recourse and 4%, and the lender gets bought out at the full principle, but no current lost interest or penalties. That would at least shut down most looming ARM resets.

Of course, in our freemarket system, we don't like the government competing with much more efficient private enterprise.



To: Dan3 who wrote (166339)11/22/2008 2:27:40 PM
From: stomperRead Replies (1) | Respond to of 306849
 
Good point, definitely. I would certainly be pretty appalled, but if their bass ackwards scheme is to get people spending again, I figure that would be the easiest route. Ultimately, the whole thing is about consumption and I'm thinking that a far lower mortgage payment would be the biggest "show" to the consumer, since they cut that check monthly.


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