posted on Sep, 18 2009 @ 08:25 PM
Obviously nothing was learned.
The other scary thing no one is talking about is how many homes either have not gone through foreclosure or houses that have gone through foreclosure
and are not on the books yet (not on the MRIS). They are hiding these figures. It is much worse then banks are letting on to.
The big looser here is us. I put 30% down, paid for 4 years and still lost my home. Sadly that paid the principal off. They did not want to work with
me. Why should they, they were paid. Plus they can resell the house and profit again. They only lost the interest. If I had put down 0-3% they would
have something to loose. Those of us that risked a lot of $ lost a lot $. The banks get bailed out with my taxes to take my home. I’m pissed.
FHA will get a bailout and the 0-3% down people will get new lower interest rates and loan modifications because there are real losses there.