Comments on: Temporary hold placed on foreclosures

By: loans modification

loans modification — Mon, 23 Feb 2009 02:19:46 +0000

Many are settling their way into loan modification strategy in order to prevent foreclosures.. and I think that's a nice way..

By: morganb

morganb — Tue, 17 Feb 2009 19:34:21 +0000

I agree with you completely. The problem is one of leverage and insolvency.
People made bets “on margin” thinking their bets were always going to go up
and they levered themselves with credit to take advantage of the run up.
Well asset prices are falling, the debt load doesn't change and no we need
to de-lever one way or another. Do it now or do it later, but it has to be
unwound.

By: Just4Laughs

Just4Laughs — Tue, 17 Feb 2009 13:32:00 +0000

Setting moratoriums on foreclosures will not keep house prices from falling. This is because the government interferes with the market mechanism which efficiently seeks to remove the air from the bubble that burst. Simply put there will not be a price stabilization until houses become affordable again to households in an environment of low to moderate growth. With the current pace, that will take at least 15 to 20 years from now.

By: Foreclosure moratorium gives more time for loan modifications

Foreclosure moratorium gives more time for loan modifications — Tue, 17 Feb 2009 05:46:28 +0000

[...] you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!With Fannie Mae and Freddie Mac extending their foreclosure moratoriums, and more big-hitting banks joining the foreclosure holiday list daily (see our article from today [...]

By: RealEstateEye

RealEstateEye — Tue, 17 Feb 2009 04:28:37 +0000

great article!