Comments on: Brother, Can You Spare A Mortgage Payment?

Homeowner Crisis At Record Levels, With 10 Percent At Least A Month Behind On Mortgage

[chetekern]

We need to clone Suzy Orman a million times, send the clones out into the masses and let some budget corrections act on saving some homes/buyers from foreclosures. Simultaneously, we need to reset all credit rates back to 2000 levels to get some sanity in that business. The rules should be 2 credit/debit cards per family to get back to a "pay as you go" mentality.

[edintex]

hrsmith3:
Sorry about your unfortunate situation. Many of us have lost our jobs in the past. It was just the way the cards were dealed to us. We blamed nobody else. The government is NOT responsible for keeping me employed. I AM. No time to cry about it. We quickly moved to where I was able to find work and started over again. You should stop whining, pull up your britches and do the same. Or you can become one of those Obamination people and wait for your money since you are "entitled" to it.

Go ahead and hold your breath!!!

[fredflinsto2]

People think more about the price of a gallon of gas than they do the terms of their mortgages. That is a big part of the problem, lack of thought. Those are the same people who deserve whatever they get, or in this case, lose

[hrsmith3]

Many are responsible for this mortgage crisis, but certainly the banks, Wall Street, and Congress are the chief culprits. Nothing will improve until this mortgage havoc is fully addressed. We stand a chance of losing our home due to my husband''s job loss, and it will only get worse until something is done for regular Americans. While we are investigating the mortage crisis, we should also look into why banks can charge 30% interest on credit cards, plus late fees - didn''t that used to be usury?

[hrsmith3]

Wall Street, banks, Congress, and government regulators are responsible for this mess. The whole lot of them is not worth a plug nickle. My husband and I have been homeowners for ten years with a reasonable 5 3/8th 30 year fixed rate qualifying at ratios far below what we could afford; however, we may lose our home. My husband lost his job a few months ago and cannot find another. In addition, we paid our credit card late, and the unethical bank jacked the rate up to 29% and added in enormous late fees which we can never pay. That used to be called usury. Whatever happened to usury laws? Actually, I think the mortgage mess may have opened a can of financial worms for the greedy financial heirachy. Now, perhaps we can clearly see all their creative shafts. This bunch of crooks is bad to the core and needs to be held accountable.

[allzwell]

I think we need a little moratorium from getting hammered into the ground every month. So what if the rich don''t get richer, they keep us on the books as an asset who''ll more than likely rebound eventually and it better off for them... eventually. Meanwhile, I''m 2G behind the 8 ball in paying the bills for each of the last 2 months and reaching into my meager savings to make up the deficit. Fvck ''em all... send your mortgage company 100 bucks a month good faith payment until they get this mess straightened out and we can start the clock ticking again. Disclaimer: Don''t do this! It''s just a wild idea... or is it?

[jack20083]

I had gotten a preforeclosure assignment back in the early 90''s where the borrower was at least two years in the rear. They also gave them time to get the payments caught up at that point but it didn''t workout because couple was getting a divorce and they didn''t want to work to gether to keep the home any longer. Now, the investors can''t wait for their money or dare not to wait for a turn around in the market either. Back then, the investors were different,seasoned, and long term. Well, what I am trying to say, the investors weren''t all about me theme and greed. There was risk but not craziness. Value and growth will return one day, and I don''t have a problem with giving a homeowner time and space to keep their home as long as if this will be their final home purchase. I don''t agree to help them now for them to make a profit ten years from now. If any profit has to be given, it should be give back to the tax payer if this is how they are going to assist the homeowner.

[yaliktono]

This is *** is ridiculus! What about the other 90% of homeowners who are sacrificing to pay their mortgages on time by forgoing meals out, trips, etc. etc. etc. Good old liberal knee jerk reaction - reward those who deserve it least and punish the rest of us by encumbering huge deficits and national debt for our children.

[random_radar]

"Now''''s a great time to refinance. I just signed & am now over a point lower--about $200 a month!

Posted by easeup at 12:56 PM : Dec 05, 2008"

Great! You will now be able to afford the higher taxes to bail everyone else out. I like a responsible team player.

[musethalia]

Now''''s a great time to refinance. I just signed & am now over a point lower--about $200 a month!

Posted by easeup

us too - same deal