Comments on: TARP Funds Not Just Hoarded But Used AGAINST You

By: Joe

Joe — Sun, 03 May 2009 01:12:19 +0000

I have been in the mortgage industry for 20 years now and have never seen anything like this before.

By: Joe

Joe — Sun, 03 May 2009 01:10:58 +0000

I have been in the lending industry for over 20 years and have never seen anything like this before. I think the dynamic of how banks lend money going forward for the next decade or so is going to be completely differenent.

By: morganb

morganb — Fri, 20 Feb 2009 02:53:10 +0000

How sad…and how unsurprising, Don. They're probably inundated with calls
with people wondering what they can do. My traffic for “loan modifications”
searches was 20% higher yesterday than my average for the last few months.
There needs to be some education out there.

By: Don

Don — Fri, 20 Feb 2009 02:11:43 +0000

Morgan, check this out. So I was talking to an agent today who has a listing that's a short sale. My buyers put in an offer. The bank has ALL the paperwork and is putting off, day by day, any decision of approval of the offer. The listing agent said that since Obama rolled out his plan yesterday, the banks are suddenly giving everyone “attitude” and taking it out on everyone else. It's just breathtaking, we give them billions to help get things going, and we get stabbed in the back. These are the greediest MF'ers EVER!!!!

By: morganb

morganb — Thu, 19 Feb 2009 04:43:10 +0000

I agree – the government has been ham-fisted about this entire thing. Not
surprising really.

By: Tony Sena

Tony Sena — Wed, 18 Feb 2009 23:54:34 +0000

Giving money to the banks was the worst idea! All they have done is used the money to buy out their competition which will drive fees for banking services up due to less competition. They are raising interest rates on Credit Cards because their own clients are behind on their mortgage payments. The Government should have bailed out the American people, not these banks!