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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (1277)	1/15/2011 7:55:34 PM
From: Hawkmoon	1 Recommendation Respond to of 1428

can report interest due them, but not paid, on an estimated $1.4 trillion of face value mortgages on the 7 million homes that are in the process of being foreclosed. Now that is just BS!! No interest paid, loan in default. That should be the rule unless special arrangements have been made to modify the loan or providing forebearance.. Even then, the interest that accrues, but is paid at some point in the future, should only count as a future receivable or "goodwill". But letting them count interest on a loan where no payments are being made.. That's FRAUD!! Hawk