http://washingtonindependent.com/14726/momentum-grows-for-mortgage-modification-plan National News in Context Thu, 26 Nov 2009 19:25:58 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://washingtonindependent.com/14726/momentum-grows-for-mortgage-modification-plan/comment-page-1#comment-36316 Bill Fri, 24 Oct 2008 22:13:20 +0000 http://washingtonindependent.com/?p=14726#comment-36316 Homeowners need a break. Increases in the cost of living has taken away all of their disposable income. We should expect to see new foreclosures (i.e. <a href="http://www.BuyMyHouseBeforeTheBankTakesIt.com" rel="nofollow">http://www.BuyMyHouseBeforeTheBankTakesIt.com</a>) unless find a way to bring relief to Americas debt load. The real issue America is facing is that it needs to create a continuous revenue stream to put into the pockets of consumers. The fastest way to do this is to reduce debt or debt payments. Increasing income just can’t happen until consumers start spending again and is on an upswing. We are facing a season where the majority of consumers spend. Now is the time to act and reduce debt payments so stimulate spending. Offering 4% fixed rate30 year mortgages until we get through this hurdle (for mortgage principal refinance only) would offer a continuous stimulus package, put extra dollars in the pockets of the consumers, create jobs in banking, and give the economy jumpstart it needs. Homeowners need a break. Increases in the cost of living has taken away all of their disposable income. We should expect to see new foreclosures (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) unless find a way to bring relief to Americas debt load. The real issue America is facing is that it needs to create a continuous revenue stream to put into the pockets of consumers. The fastest way to do this is to reduce debt or debt payments. Increasing income just can’t happen until consumers start spending again and is on an upswing. We are facing a season where the majority of consumers spend. Now is the time to act and reduce debt payments so stimulate spending. Offering 4% fixed rate30 year mortgages until we get through this hurdle (for mortgage principal refinance only) would offer a continuous stimulus package, put extra dollars in the pockets of the consumers, create jobs in banking, and give the economy jumpstart it needs.

]]> http://washingtonindependent.com/14726/momentum-grows-for-mortgage-modification-plan/comment-page-1#comment-10156 Bill Fri, 24 Oct 2008 15:13:20 +0000 http://washingtonindependent.com/?p=14726#comment-10156 Homeowners need a break. Increases in the cost of living has taken away all of their disposable income. We should expect to see new foreclosures (i.e. <a href="http://www.BuyMyHouseBeforeTheBankTakesIt.com">http://www.BuyMyHouseBeforeTheBankTakesIt.com</a>) unless find a way to bring relief to Americas debt load. The real issue America is facing is that it needs to create a continuous revenue stream to put into the pockets of consumers. The fastest way to do this is to reduce debt or debt payments. Increasing income just can’t happen until consumers start spending again and is on an upswing. We are facing a season where the majority of consumers spend. Now is the time to act and reduce debt payments so stimulate spending. Offering 4% fixed rate30 year mortgages until we get through this hurdle (for mortgage principal refinance only) would offer a continuous stimulus package, put extra dollars in the pockets of the consumers, create jobs in banking, and give the economy jumpstart it needs. Homeowners need a break. Increases in the cost of living has taken away all of their disposable income. We should expect to see new foreclosures (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) unless find a way to bring relief to Americas debt load. The real issue America is facing is that it needs to create a continuous revenue stream to put into the pockets of consumers. The fastest way to do this is to reduce debt or debt payments. Increasing income just can’t happen until consumers start spending again and is on an upswing. We are facing a season where the majority of consumers spend. Now is the time to act and reduce debt payments so stimulate spending. Offering 4% fixed rate30 year mortgages until we get through this hurdle (for mortgage principal refinance only) would offer a continuous stimulus package, put extra dollars in the pockets of the consumers, create jobs in banking, and give the economy jumpstart it needs.

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