DISQUS

DISQUS Hello!  The comments on this profile are unclaimed and thus are unverified.

Do they belong to you? Claim these comments.

Rick's picture

Unregistered

Feeds

aliases

  • Rick

Rick

7 months ago

in The Moratorium Myth on The Washington Independent
THE SOLUTION TO THE PROBLEM IS TO RESET ALL HOME MORTGAGES
THROUGH A NEW PROGRAM THAT OFFERS MORTGAGES FOR HOMES THAT WILL
BE OWNER OCCUPIED; A 3% FIXED RATE LOAN FOR A 30 YEAR TERM AND OFFER
THIS PROGRAM FOR THE NEXT 3 YEARS.

THESE MORTGAGES WILL ALSO APPLY TO NEW HOME PURCHASES WITH MORTGAGES
FOR OWNER OCCUPIED MORTGAGES ONLY.

THIS WILL PUT MONEY BACK INTO THE HANDS OF THE CONSUMERS AND BOOST
THE ECONOMY.....STABILIZE HOUSING PRICES .....REDUCE EXCESS INVENTORY...
BRING PARITY TO THE HOME OWNER VERSUS RENTERS INBALANCE.

RESTARTING THESE MORTGAGES UNDER THIS PROGRAM WILL MAINTAIN THE
CURRENT BORROWED AMOUNT BASIS WHICH WILL ALLOW FINANCIAL INSTITUTIOS
"REMOVE THEM FROM THE TOXIC LIST".....STOP FORECLOSURES AND CREATE DEMAND.
Returning? Login