Loans, Debt & Credit - View Single Post - Final Housing Bill Passes House, Bush to Sign into Law

Moe Bedard · 07-28-2008, 08:23 PM

The loans from the investor's standpoint are insured against default...........so when there is a foreclosure they will recoup more of their interests up front then if they were to work out something with a person and have to wait to get back the investment. The investor's attitudes are extremely lax in wanting or needing to help. Giving a modification has to make business sense to the investor or they won't do it. This will continue as long as the bailouts are labeled "voluntary" instead of "mandatory" where the lenders and investors are concerned.
These rescue plans have got to be mandatory participation by the lenders and investors, which isn't going to happen, or they really are not going to help much........IMO.

07-28-2008, 08:23 PM	#57 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 17,542 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Final Housing Bill Passes House, Bush to Sign into Law The loans from the investor's standpoint are insured against default...........so when there is a foreclosure they will recoup more of their interests up front then if they were to work out something with a person and have to wait to get back the investment. The investor's attitudes are extremely lax in wanting or needing to help. Giving a modification has to make business sense to the investor or they won't do it. This will continue as long as the bailouts are labeled "voluntary" instead of "mandatory" where the lenders and investors are concerned. These rescue plans have got to be mandatory participation by the lenders and investors, which isn't going to happen, or they really are not going to help much........IMO. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Loan & Debt Forum" LoanWorkout.org "America's #1 Loan Modification Blog" MoeBedard.com "My Work From Home Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.