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Reply #19: That was my advice over a year ago. [View All]

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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 02:46 PM
Response to Reply #17
19. That was my advice over a year ago.
Have banks redo mortgages and convert people to fixed-rate on the teaser rate and adjust principal down to match house price.

Better to have steady mortgage payments (albeit lower than they would have been) than trying to sell a house in a glutted market. Besides, prior anticipated income was shot to hell when prices kept falling nationwide. Time to adjust.

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  -Dow Jones recovered over 500pts in 20 min. Fannie Mae responsible? Roland99  Oct-10-08 02:25 PM   #0 
  - Gee, do you suppose Sallie Mae will give me the same deal?  hedgehog   Oct-10-08 02:26 PM   #1 
  - No Doubt.  jayfish   Oct-10-08 02:29 PM   #6 
  - monkeys still trying to game the system, apparently unaware  ixion   Oct-10-08 02:28 PM   #2 
  - The marke is ups 3.4 points as of 3:29 pm edt.  PM Martin   Oct-10-08 02:28 PM   #3 
  - +57  Roland99   Oct-10-08 02:29 PM   #5 
  - A couple large buys  FreakinDJ   Oct-10-08 02:29 PM   #4 
  - The Presidents Working Group On Markets  lib2DaBone   Oct-10-08 02:31 PM   #7 
  - For real!  dbt   Oct-10-08 02:33 PM   #8 
  - between 3-4pm was always a good time for them to screw the short sellers  Roland99   Oct-10-08 02:34 PM   #9 
  - Rumor that the G-7 will guarantee overnight transactions.  JDPriestly   Oct-10-08 02:35 PM   #10 
  - You could be right on both counts  HamdenRice   Oct-10-08 02:37 PM   #12 
  - Russell2K is up 5.5%...biggest gainer.  Roland99   Oct-10-08 02:38 PM   #14 
  - This is interesting. This is the kind of thing you can do when you nationalize your financial system  HamdenRice   Oct-10-08 02:36 PM   #11 
  - At the same time, it allows banks to  igil   Oct-10-08 02:44 PM   #17 
     - That was my advice over a year ago.  Roland99   Oct-10-08 02:46 PM   #19 
  - +241!!!!  Roland99   Oct-10-08 02:37 PM   #13 
  - Jesus! -149 now!!  Roland99   Oct-10-08 02:41 PM   #15 
  - A Pump and Dump? And another Pump? +44 again.  Roland99   Oct-10-08 02:44 PM   #18 
  - Fizzled -104 now  AndyTiedye   Oct-10-08 02:42 PM   #16 
     - And now +27.79  dbt   Oct-10-08 02:47 PM   #20 
  - U.S. stocks surge higher into the close on hopes for G7 move  Roland99   Oct-10-08 02:49 PM   #21 
  - 4:00pm - At the bell. Russell2K is ecstatic over something.  Roland99   Oct-10-08 03:03 PM   #22 

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