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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (533517)	11/30/2009 5:48:45 PM
From: tejek	Respond to of 1574981

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". Its very sad how desperate you've become. 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. I made that very exact point. Banks will do modifications on loans that can be saved. However most loans are non performing and will remain non performing no matter what the bank does...esp. given the lending activity of the Bush years. And the banks are not quite as enthusiastic as you make them out to be. Well except the fantasy banks you imagine in that little brain of yours. You totally do not have any idea what you're talking about.