BF2S Forums Obama: 2% Fannie Mae or Freddie Mac Mortgage Modification

oh god.  the CDS sucking companies get their money and we pay.  but hey, its good for the home owner i reckon.

well, no real punishment for the industry that was flying high in 2004-05 fucking the taxpayer right in the ass.  but, hey, flipping homes is good for TV so at least we got something.

burnzz wrote:

Red Forman wrote:

but, hey, flipping homes is good for TV so at least we got something.

a cheap tv show is small consolation. i did everything right - i paid my taxes, made the payments, etc.

they call you a sucker

burnzz wrote:

to bad i can't call a motel room home.

lol.

burnzz wrote:

"If you own a Home and have a home loan by Fannie Mae or Freddie Mac, you are in luck."

if you don't you're fucked, ha ha!
fuck - all time low interests, i got a date with some ah, consultant, to discuss why my equities gone and i'd like to re-finance.

You want : http://makinghomeaffordable.gov/
or

http://www.hud.gov/hopeforhomeowners/

I'm thinking about finding a lender and applying. You don't have to be behind to do so.

burnzz wrote:

Kmarion wrote:

I'm thinking about finding a lender and applying. You don't have to be behind to do so.

thank you. bookmarked. Wells fuckin Fargo just turned us down b/c of the eroded equity thing.

Wells Fargo is a bunch of dicks.. tru story. They told one of my clients that they would not do a loan mod because they had to protect their investors. They are still making 200k on a 226k house at 5.25 percent (over the term of the mortgage). I'm sure their investors are going to be real happy when they default on the loan and instead of making nearly 100% on the loan they end up 100K+ in the hole.