Home Loan Delinquencies Double on Prime Loans; Foreclosure Filings Top 300,000 3rd Straight Month

catherine at 00:32 2009-07-02 said:

“I’m very concerned about the rise in delinquent mortgages and foreclosure actions,” Comptroller of the Currency John Dugan said in a statement with the report. President Barack Obama’s plan to create “sustainable, payment-reducing modifications is a positive step that should show significant benefits in the coming months,” Dugan said :lol: :lol:

oh my GOSH, CAN'T MAKE THIS UP, sounds like 07, doesn't it guys?

SHOCK, DOUBT, WORRY AND THEN DO A WHOLE BUNCH OF NOTHING...................

3 years later from when this started falling (didn't we hand the COngress over to DEMOCRATS RIGHT THEN)

and they have spent OVER 3 TRILLION DOLLARS (bush too, but Democrats as far as the eye can see)

(add it up = every penny from that first first teeny tiny Fed pump over 24 months ago and I AM FRETFULLY LOAN IN MY NUMBER)

AND IT HAS FIXED NOTHING IN HOUSING............AND ABOUT 28 MILLION MORE UNEMPLOYED

and FORECLOSURES AND JOB LOSSES AS FAR AS THE EYE CAN SEE

(EXCEPT THOSE MEDIA AND CNBC EYES EVIDENTLY)

now do we keep doing the SAME OLE THING AND EXPECT DIFFERENT RESULTS

OR DO WE TAKE THE CHECKBOOK OUT OF THESE CLOWN'S HANDS AND LET THE BAND-AID GET PULLED OFF..................

'A' paper loans tanking will make subprime what it was

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