700 BILLION FOR WHAT?

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Mortgage and Lending with AMERICAN AFFORDABLE HOMES

I am working with many lenders and as of now most lenders that are receiving assistance from the Government hasn't done anything with the money outside of hold it with a death grip. They are not circulating it into the communities so i am just wondering why did we bail them out? I am working with some others to try to make an impact on this crisis on a realistic level but I must be honest for those that don't know that the banks aren't as cooperative as some may think. I am working on my doctorate myself which I should have hopefully in 2 to 4 months depending on how my thesis review goes but we have a good group of PHD's that are working on it and if anyone has any input please send me an email...

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Rainmaker
455,579
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Most of us have come to realize the ugly truth that the bailout will do little for homeowners. It's up to the lenders who, at this point, have little incentive to do so.

Nov 17, 2008 09:53 AM #1
Ambassador
296,445
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Jonathan, it is not about the homeowner - it is about the Unions, the Rich, and the biggest in the Insurance, Banking, and now Auto industries.  People are starting to realize this.  Hopefully our elected officials will sooner rather than later..

Nov 17, 2008 10:01 AM #2
Anonymous
Anonymous

It is becoming obvious that Paulson is in over his head.  May Obama have more wisdom than Bush in his appointments.

Nov 17, 2008 10:05 AM #3
Rainmaker
388,669
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

I believe the banks are putting the money away and not willing to risk any or very little of it.

Nov 17, 2008 10:18 AM #4
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584,453
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

what I am surprised about is there does not seem to be any oversight of the money...are these lenders left to spend it at their descretion..?

Nov 17, 2008 01:25 PM #5
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Rainer
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JONATHAN WRIGHT

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