Comments on: Many Left Out of Refi Opportunities http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Mon, 09 Nov 2009 22:42:54 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: roie shapira http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-71533 roie shapira Tue, 20 Jan 2009 16:20:48 +0000 http://blownmortgage.com/?p=2066#comment-71533 Same here.<br><br><br><br>Roie Shapira <br><a href="http://www.nestseekers.com" rel="nofollow">www.nestseekers.com</a> Same here.

Roie Shapira
http://www.nestseekers.com

]]> By: roie shapira http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14201 roie shapira Tue, 20 Jan 2009 15:20:48 +0000 http://blownmortgage.com/?p=2066#comment-14201 Same here.<br><br><br><br>Roie Shapira <br><a href="http://www.nestseekers.com" rel="nofollow">www.nestseekers.com</a> Same here.

Roie Shapira
http://www.nestseekers.com

]]> By: loan modification advocate http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14193 loan modification advocate Mon, 19 Jan 2009 23:56:54 +0000 http://blownmortgage.com/?p=2066#comment-14193 It might be beneficial to inquire with builders regarding pricing status, or even to tender an initial offer and see how the builder responds. -------------------------- nice advice man. thanks It might be beneficial to inquire with builders regarding pricing status, or even to tender an initial offer and see how the builder responds. ————————– nice advice man. thanks

]]> By: matt http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14188 matt Mon, 19 Jan 2009 22:14:55 +0000 http://blownmortgage.com/?p=2066#comment-14188 You got that right. As an appraiser all I see is REO sales for comps. Not Good. You got that right. As an appraiser all I see is REO sales for comps. Not Good.

]]> By: Joe Kaiker http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14187 Joe Kaiker Mon, 19 Jan 2009 22:11:15 +0000 http://blownmortgage.com/?p=2066#comment-14187 Good Evening Josh:<br><br>There was an article on Bloomberg about 30 days ago indicating that FNMA/FHLMC were discussing doing this. I respectfully agree with your thoughts and comments, but until we figure out a way to get the consumer back in the game this country is pushing on a string. This whole economy is "funny money" anyway and if by waiving the appraisal requirement for R/T Refi's it helps the consumer then I'm all for it. Plus I'd rather have the government help the consumer than the Wall St. and Bank pinheads. The actual value of a property is all an illusion anyway. Thanks for taking time to review my reply. I would love to hear your continued thoughts. Warm Regards, Joe Kaiker, "Prior Service U.S. Marine Corps" Good Evening Josh:

There was an article on Bloomberg about 30 days ago indicating that FNMA/FHLMC were discussing doing this. I respectfully agree with your thoughts and comments, but until we figure out a way to get the consumer back in the game this country is pushing on a string. This whole economy is “funny money” anyway and if by waiving the appraisal requirement for R/T Refi's it helps the consumer then I'm all for it. Plus I'd rather have the government help the consumer than the Wall St. and Bank pinheads. The actual value of a property is all an illusion anyway. Thanks for taking time to review my reply. I would love to hear your continued thoughts. Warm Regards, Joe Kaiker, “Prior Service U.S. Marine Corps”

]]> By: Josh Dowlut http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14186 Josh Dowlut Mon, 19 Jan 2009 20:47:25 +0000 http://blownmortgage.com/?p=2066#comment-14186 There is talk within Fannie Mae and Freddie Mac of waiving the appraisal requirement on rate and term refinances. Such a move would certainly open the flood gates of those who are able to refinance. <br><br>Taking a second to think long term/big picture, such a move would make mortgages not fully secured. They would be partially unsecured, and under collateralized, the degree to which investors who buy mortgage backed securities would be uncertain. Such a move would undoubtedly reduce the number of private, market based buyers of mortgage backed securities, and therefore place even more of a burden on the Fed to buy even more using their balance sheet. That is just a 21st century way of saying "monetize the debt" or "print money." Both of which will devalue our money and make us all poorer. There is talk within Fannie Mae and Freddie Mac of waiving the appraisal requirement on rate and term refinances. Such a move would certainly open the flood gates of those who are able to refinance.

Taking a second to think long term/big picture, such a move would make mortgages not fully secured. They would be partially unsecured, and under collateralized, the degree to which investors who buy mortgage backed securities would be uncertain. Such a move would undoubtedly reduce the number of private, market based buyers of mortgage backed securities, and therefore place even more of a burden on the Fed to buy even more using their balance sheet. That is just a 21st century way of saying “monetize the debt” or “print money.” Both of which will devalue our money and make us all poorer.

]]> By: Lupe http://blownmortgage.com/2009/01/19/many-left-out-of-refi-opportunities/comment-page-1/#comment-14184 Lupe Mon, 19 Jan 2009 18:55:18 +0000 http://blownmortgage.com/?p=2066#comment-14184 Brokers, are you tired of trying to negotiate your loan modificationson your own? Let us do the work for you. We are a national company providing loss mitigation services. Visit us at <a href="http://www.vantagefs.com" rel="nofollow">www.vantagefs.com</a> or contact me directly at <a href="mailto:lvillarreal@vantagefs.com" rel="nofollow">lvillarreal@vantagefs.com</a>. Brokers, are you tired of trying to negotiate your loan modificationson your own? Let us do the work for you. We are a national company providing loss mitigation services. Visit us at http://www.vantagefs.com or contact me directly at lvillarreal@vantagefs.com.

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