Comments on: Obama’s Homeowner Affordability and Stability Plan http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Ted Mackel http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-66925 Ted Mackel Mon, 11 May 2009 02:45:29 +0000 http://blownmortgage.com/?p=2450#comment-66925 Your statement "Real spending and real consumption won’t pick up again until the debt burden is eased" is the most dead on comment I have seen in a while. No one is talking about the false economy the Baby Boom generation has created as they lived beyond their means for years.<br><br>This will not be fixed soon or as I figure be fixed at all. Spending habits and expectations on returns for retirement investments need to come back to earth before a real recovery can begin. Your statement “Real spending and real consumption won’t pick up again until the debt burden is eased” is the most dead on comment I have seen in a while. No one is talking about the false economy the Baby Boom generation has created as they lived beyond their means for years.

This will not be fixed soon or as I figure be fixed at all. Spending habits and expectations on returns for retirement investments need to come back to earth before a real recovery can begin.

]]> By: Ted Mackel http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-70559 Ted Mackel Mon, 11 May 2009 02:45:29 +0000 http://blownmortgage.com/?p=2450#comment-70559 Your statement "Real spending and real consumption won’t pick up again until the debt burden is eased" is the most dead on comment I have seen in a while. No one is talking about the false economy the Baby Boom generation has created as they lived beyond their means for years.<br><br>This will not be fixed soon or as I figure be fixed at all. Spending habits and expectations on returns for retirement investments need to come back to earth before a real recovery can begin. Your statement “Real spending and real consumption won’t pick up again until the debt burden is eased” is the most dead on comment I have seen in a while. No one is talking about the false economy the Baby Boom generation has created as they lived beyond their means for years.

This will not be fixed soon or as I figure be fixed at all. Spending habits and expectations on returns for retirement investments need to come back to earth before a real recovery can begin.

]]> By: morganb http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-66918 morganb Mon, 11 May 2009 02:34:17 +0000 http://blownmortgage.com/?p=2450#comment-66918 hi elena,i would send them here: <a href="http://www.financialstability.gov/" rel="nofollow">http://www.financialstability.gov/</a> hi elena,i would send them here: http://www.financialstability.gov/

]]> By: morganb http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-70558 morganb Mon, 11 May 2009 02:34:17 +0000 http://blownmortgage.com/?p=2450#comment-70558 hi elena,i would send them here: <a href="http://www.financialstability.gov/" rel="nofollow">http://www.financialstability.gov/</a> hi elena,i would send them here: http://www.financialstability.gov/

]]> By: elena http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-64207 elena Wed, 06 May 2009 18:19:52 +0000 http://blownmortgage.com/?p=2450#comment-64207 i would like to see if my payment can go lower but my mortgage company they can not help u s and they say that they dont know anything abbout the program that barack obama aproved would you help us i would like to see if my payment can go lower but my mortgage company they can not help u s and they say that they dont know anything abbout the program that barack obama aproved would you help us

]]> By: elena http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-70557 elena Wed, 06 May 2009 18:19:52 +0000 http://blownmortgage.com/?p=2450#comment-70557 i would like to see if my payment can go lower but my mortgage company they can not help u s and they say that they dont know anything abbout the program that barack obama aproved would you help us i would like to see if my payment can go lower but my mortgage company they can not help u s and they say that they dont know anything abbout the program that barack obama aproved would you help us

]]> By: maggie http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-48115 maggie Fri, 10 Apr 2009 01:51:59 +0000 http://blownmortgage.com/?p=2450#comment-48115 i am a federal employe for more than 15 years. now ,i am sick for the past 10 months,with no steady income,ipay my mortgage late, sometimes very late, because my family is helping me,why can i be qualifie for a loan modification. i am a federal employe for more than 15 years. now ,i am sick for the past 10 months,with no steady income,ipay my mortgage late, sometimes very late, because my family is helping me,why can i be qualifie for a loan modification.

]]> By: maggie http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-70556 maggie Fri, 10 Apr 2009 01:51:59 +0000 http://blownmortgage.com/?p=2450#comment-70556 i am a federal employe for more than 15 years. now ,i am sick for the past 10 months,with no steady income,ipay my mortgage late, sometimes very late, because my family is helping me,why can i be qualifie for a loan modification. i am a federal employe for more than 15 years. now ,i am sick for the past 10 months,with no steady income,ipay my mortgage late, sometimes very late, because my family is helping me,why can i be qualifie for a loan modification.

]]> By: Jon http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-30283 Jon Wed, 11 Mar 2009 12:23:35 +0000 http://blownmortgage.com/?p=2450#comment-30283 How many homes are, in todays nightmare economic situation, only 5% underwater? That seems ridiculous considering this fix is primarily aimed at those who bought homes at highly inflated prices from about 2001 to 2005. Our home, purchased in 2005, has lost 200K in value as has every single one in every huge subdivision surrounding us. I can't imagine anyone having a mortgage for 225K and having the home only drop to 200K over the last 3 years. I agree with the person who posted that this is about as likely have significant impact as Barney Frank's Hope For Homeowners waste. In my opinion there is only one way to make sure all of the lenders, including investor groups, buy into this - to have the government pay off the difference between current and renegotiated loans, and have the homeowner sign an equity share security back to the government to share 50% of any future equity back to the government, in the event the market comes back up and the home can be sold for some profit. At least that would A) make sure everyone struggling, whether your house is 200K or 600K, get some help (if help is the right thing to do at all), as well as ensure broad participation across the board by lenders/investors, as well as help the government recoup some of that paid out principal later. I'm not economist, but it seems pretty simple and certainly more efficient (again, if that type of help is even right or fair to begin with). Just an opinion. How many homes are, in todays nightmare economic situation, only 5% underwater? That seems ridiculous considering this fix is primarily aimed at those who bought homes at highly inflated prices from about 2001 to 2005. Our home, purchased in 2005, has lost 200K in value as has every single one in every huge subdivision surrounding us. I can't imagine anyone having a mortgage for 225K and having the home only drop to 200K over the last 3 years. I agree with the person who posted that this is about as likely have significant impact as Barney Frank's Hope For Homeowners waste. In my opinion there is only one way to make sure all of the lenders, including investor groups, buy into this – to have the government pay off the difference between current and renegotiated loans, and have the homeowner sign an equity share security back to the government to share 50% of any future equity back to the government, in the event the market comes back up and the home can be sold for some profit. At least that would A) make sure everyone struggling, whether your house is 200K or 600K, get some help (if help is the right thing to do at all), as well as ensure broad participation across the board by lenders/investors, as well as help the government recoup some of that paid out principal later. I'm not economist, but it seems pretty simple and certainly more efficient (again, if that type of help is even right or fair to begin with). Just an opinion.

]]> By: Jon http://blownmortgage.com/2009/02/18/obamas-homeowner-affordability-stability-plan/comment-page-1/#comment-70555 Jon Wed, 11 Mar 2009 12:23:35 +0000 http://blownmortgage.com/?p=2450#comment-70555 How many homes are, in todays nightmare economic situation, only 5% underwater? That seems ridiculous considering this fix is primarily aimed at those who bought homes at highly inflated prices from about 2001 to 2005. Our home, purchased in 2005, has lost 200K in value as has every single one in every huge subdivision surrounding us. I can't imagine anyone having a mortgage for 225K and having the home only drop to 200K over the last 3 years. I agree with the person who posted that this is about as likely have significant impact as Barney Frank's Hope For Homeowners waste. In my opinion there is only one way to make sure all of the lenders, including investor groups, buy into this - to have the government pay off the difference between current and renegotiated loans, and have the homeowner sign an equity share security back to the government to share 50% of any future equity back to the government, in the event the market comes back up and the home can be sold for some profit. At least that would A) make sure everyone struggling, whether your house is 200K or 600K, get some help (if help is the right thing to do at all), as well as ensure broad participation across the board by lenders/investors, as well as help the government recoup some of that paid out principal later. I'm not economist, but it seems pretty simple and certainly more efficient (again, if that type of help is even right or fair to begin with). Just an opinion. How many homes are, in todays nightmare economic situation, only 5% underwater? That seems ridiculous considering this fix is primarily aimed at those who bought homes at highly inflated prices from about 2001 to 2005. Our home, purchased in 2005, has lost 200K in value as has every single one in every huge subdivision surrounding us. I can't imagine anyone having a mortgage for 225K and having the home only drop to 200K over the last 3 years. I agree with the person who posted that this is about as likely have significant impact as Barney Frank's Hope For Homeowners waste. In my opinion there is only one way to make sure all of the lenders, including investor groups, buy into this – to have the government pay off the difference between current and renegotiated loans, and have the homeowner sign an equity share security back to the government to share 50% of any future equity back to the government, in the event the market comes back up and the home can be sold for some profit. At least that would A) make sure everyone struggling, whether your house is 200K or 600K, get some help (if help is the right thing to do at all), as well as ensure broad participation across the board by lenders/investors, as well as help the government recoup some of that paid out principal later. I'm not economist, but it seems pretty simple and certainly more efficient (again, if that type of help is even right or fair to begin with). Just an opinion.

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