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Thread: U.S. Mortgage Servicers in $25B Settlement

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    Re: U.S. Mortgage Servicers in $25B Settlement

    $26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners $26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners | Daily Ticker - Yahoo! Finance

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    Re: U.S. Mortgage Servicers in $25B Settlement

    Speaking of which, though....



    Just where IS my bailout?
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    Re: U.S. Mortgage Servicers in $25B Settlement

    In related news, the industries of torches and pitchforks are expected to boom during the wind up the the election in November.

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    Re: U.S. Mortgage Servicers in $25B Settlement

    Why should the banks write off debt for some homeowners?
    That's incredibly unfair to everyone else, who paid their damn mortgage.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: U.S. Mortgage Servicers in $25B Settlement

    Quote Originally Posted by KevinKohler View Post
    Speaking of which, though....



    Just where IS my bailout?
    It's in the voting booth in November, don't forget this **** when you vote.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Mortgage Servicers in $25B Settlement

    Quote Originally Posted by KevinKohler View Post
    2K for someone who lost their home due to illegal practices is a bail out...of the bank.
    95% of the foreclosures were perfectly legitimate. Who cares if the foreclosure documents were "robosigned" on someone that hadn't paid their mortgage in over a year.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: U.S. Mortgage Servicers in $25B Settlement

    If homeowners wrap their arms around the nuances of this program, they are going to be furious. The poster who talks of pitchforks and torches isn't far off.

    $2,000 to every homeowner who was foreclosed or suffered a short sale. Why? Those who were foreclosed have already been rewarded with 12+ months of cost-free living as they waited for the wheels of our legal system to get them out of their homes.

    Principle reduction to those homeowners who are 20%+ underwater and are at least one month behind in their mortgage payments. This will actually entice homeowners to default. What a mess! And who are we rewarding here? We're rewarding those people who put second mortgages on their homes (home equity loans) to live beyond their means.

    This program should not be used to bail out those who put home equity loans on their properties. Period.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: U.S. Mortgage Servicers in $25B Settlement

    When in all of this will it be the responsibility of the homeowner to pay their damn mortgage?

    Enough with the hand-holding of the stupid and irresponsible.

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    Re: U.S. Mortgage Servicers in $25B Settlement

    Quote Originally Posted by Gill View Post
    95% of the foreclosures were perfectly legitimate. Who cares if the foreclosure documents were "robosigned" on someone that hadn't paid their mortgage in over a year.
    Nobody is above the law.

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    Re: U.S. Mortgage Servicers in $25B Settlement

    Warren Buffett’s Net Worth Jumps $154M Thanks to Mortgage Settlement

    Buffett’s Bank of America | Washington Free Beacon

    Scratch my back and I'll scratch yours.

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