Homeowners redefaulting after getting...

Homeowners redefaulting after getting aid

There are 2 comments on the WNED.org story from Dec 8, 2008, titled Homeowners redefaulting after getting aid. In it, WNED.org reports that:

More than half of mortgages modified in a bid to avoid foreclosure fell delinquent within six months, a top U.S. banking regulator said on Monday, casting doubt on a proposal to rewrite home loans en masse.

Join the discussion below, or Read more at WNED.org.

DUHbary

United States

#1 Dec 8, 2008
This is just FREAKING great.
People getting refied, getting new martgages are defaulting???
Scumbag Mortgage companies won't help people that are still up to date but struggling.
I own my own business and have been hit with hurricanes of 2004 that almost put me out of business then the tropical Storm Fay almost put me out of business but I still managed to pay my bills.
I need help, but my mortgage won't help. Go figure.
I say Let's try to help people that are at least trying to maintain, instead of helping the helpless.
I say make all mortgages 4.5% fixed,
across the board, but only on mortgages that are Not in default and still up to date and see what happens to the mortgage business.
I bet you will have better luck that refiing people who are going to default anyways.
Maxy

London, UK

#2 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/1ubQoG ) too my friends and family.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Foreclosures Discussions

Title Updated Last By Comments
News 'We need an outsider like Trump,' says this two... Apr 22 Too Stupid 5
News Shooing squatters (Jan '08) Apr 20 Jeffrey Irvine 611 8
Foreclosure process in Riverside, CA Mar '16 homebuyerie 1
News Doubts surface about Stillman Valley ethanol plant (May '08) Mar '16 AGLN712 2
News Ohio will get millions more to fight blight and... Feb '16 Sylvia 1
News HUD Makes $40 Million Available for Housing Cou... Feb '16 Prophetess4Jesus 1
News Finney sentenced in mortgage fraud (Mar '09) Feb '16 john 30
More from around the web