Comments on: Bush Plan Would Freeze Subprime Rates

Mortgage Industry OKs Proposal To Prevent Resetting Of "Teaser" Rates; Plan May Help 1M Homeowners

[rowdytexan2]

"including enormous losses for lenders and investors..." This is a HUGE lie! These people aren''t losing a thing. They are making money on those loans just the way they are. Besides the payments that were almost totally interest, they got down payment money from these homeowners. It''s a total racket. They make these loans, to people they know are at risk, get their down payment money, get a few years of payments, raise the interst knowing they pro''bly can''t pay. And when they can''t pay at the higher rate, they basically steal the house back and sell it to somebody else. Getting another big down payment, and higher interst from the next one.

I watched my father in law do this for years selling houses on contract.

These whiney crooked bustwards MIGHT be able to say that they lost some ''potential'' money, but in fact, they haven''t lost a dime!

[conllo]

This new relief the %u201CFreeze on sub prime rates%u201D and the qualifiers for it, sounds a whole lot like it serves the interest of the top 5% money earners in this country, once again it benefits those people who in the grand picture of things don%u2019t need it.

GW you are by far the worst president this country has eve had, you are a total disgrace to your party,
Even with the mistakes that Regan made during his presidency , it was at least obvious that he really did care for the people for the US and when he was wrong he admitted it.

Jimmy Carter was a better president than you, at least he cared about his people, he cared about our humanity, I for one was also against a lot of the actions that were taken by the Clintons, but I really do hope this Democratic party find just cause and reason to Impeach you.

And any that may think %u201CLOL this guy is not a republican%u201D, Oh yes I am, I am just like so many American%u2019s that are

SICK OF THE CANDIDATE BASHING!!
SICK OF THE BUSINESS AS USUALL!!
SICK OF HAVING PEOPLE SERVE THEM SELVES!!
SICK OF TAKING CARE OF OTHER COUNTRIES AND NOT TENDING TO ARE OWN PEOPLE!!
SICK OF BEING IN THE TOP 10 MOST HATED COUNTRIES IN THE WORLD BECAUSE OF ANTIQUATED BELIEFS THAT ARE MIGHT WILL SOLVE ALL!!!
SICK OF POLICING OTHER COUNTRIES!!!

[stirringitup]

Why are resposible Americans so despised by our goverment?? I am tired of playing by the rules and falling further behind!
If a ARM can be frozen for 5 years at less than a fixed rate loan then the people paying on a fix rate a supplementing the banks and the lendees.
Screw them - Americans should quit paying on all mortages today!
As with the illegal immigration deabte - the numbers prevent any action from being taken.
They cannot foreclose on 10s of millions of homeowners - the logistics prevent such a thing from happening. Everone should quit paying on thier loans today and see what happens and what deal we are all offered. The dollar is plummeting on the world market so there really is not much to lose.

[shanev137]

Loan servicers, who collect payments from homeowners on behalf of investors who hold the mortgages, will not freeze rates. They have too much liability from investors who would have to accept lower returns on their bonds.

The investors won''t take the hit on this. If the rates freeze they will file lawsuits...and then you''ll see the huge government bail out.

[kissamaarse]

For those naive enough to believe this is a bail-out for consumers, guess again. It is another bone for the Big Banks. They would never have agreed to this if there was not a chance to recover some investment and make some income. That is why only the lowest risk and most credit-worthy out of this population of mortgagees meet the tight criteria for acceptance. if you think otherwise please let me sell you the ownership rights and the copyright to a very nice star in the neighboring galaxy. Great price!

[j-whitman]

dzapple,,,, In 5 years they can blame the democrat administration & get the White House back,,,, Actually if you''ve already started forclosure, it doesn''t help at all.

[dzapple]

SO I CAN FORCLOSE IN 5 YEARS INSTEAD OF THIS YEAR

[j-whitman]

Bush lighting the National Christmas Tree --- "Hope for Peace this Christmas Season" ------ Somebody jail that dishonest SOB

[downtowner97]

The entire goal of this administration has been to run the country as if the world will end January 29, 2009. The problem is, I don''t think we''re going to make it.

[excoachken]

The Cowardly Cowboy strikes again in his own unique style: Too showy to be true, too little thought to work, too late to be effective.