2011-02-25 — housingwire.com
"Any potential settlement U.S. regulators reach with large mortgage lenders and servicers to modify loans and pay $20 billion or so to help borrowers underwater on their mortgage will do little to help the already fragile market recover, according to Bank of America Merrill Lynch analysts."
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catherine at 04:26 2011-02-26 said:
they HAVE TO STOP WRITING MORTGAGES, THERE HAS TO BE A MORATORIUM, WE are just financing future forclosures and Wells is proudly up front.......20% drop in value and these people buying today ARE IN THE SAME SPOT most foreclosed people are in.........but securitization is like CRACK TO THEM..........to mortgage on........ Permalinksyntheticheroin at 05:25 2011-02-26 said:
the sooner the better .. there's around 7000 banks that can't wait for them to stop mortgage lending. Permalinkadd a comment | go to forum thread
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