banks: Banks in Real Estate
- 10/01/08 02:09 AM
It simply amazes me that with all the problem loans that are made in the banking industry, that the banks can't understand why we as Realtors don't want them selling real estate. With all of the recent bank failures and then wanting us to help them clean up their mess, it is absurd that they are still insisting that they be able to sell real estate. If you want to know how many lending institutions have folded, just check out www.mortgageimplosion.com. I commend our fellow Republicans (and some Democrats) for not wanting to hand over are hard earned money ($700 billion … (1 comments)
banks: Government Bailout?
- 10/01/08 01:50 AM
With the $700 billion proposed bail out for Wall Street, I am amazed at the arrogance of some of the top officials in congress who think that this is suppose to help the average American. It is like letting the fox in the hen house, again. The banks who made these loans and the investors who bought these portfolios are the ones who need to be raising the capital to stay afloat. If I get overloaded in debt, I don't see any government program to help me out. No, I have to get a second job and pay my debt down … (4 comments)
banks: Workouts instead of foreclosures
- 09/12/08 08:58 AM
There is currently a move in Congress to put a moratorium on all bank foreclosures. This is on heels of the recent government bailout of Freddie Mac and Fannie Mae. It seems to me that if the government can bail out these big companies that maybe, just maybe they could help the ordinary homeowner who has fallen on hard times. However, there are many people who feel we shouldn't do this as their argument is "we are paying our mortgage and monthly bills on time, why should we help those who aren't paying their mortgage on time. I have mixed emotions … (1 comments)
It simply amazes me that with all the problem loans that are made in the banking industry, that the banks can't understand why we as Realtors don't want them selling real estate. With all of the recent bank failures and then wanting us to help them clean up their mess, it is absurd that they are still insisting that they be able to sell real estate. If you want to know how many lending institutions have folded, just check out www.mortgageimplosion.com.;)
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