Comments on: A False Fix for the Mortgage Crisis http://washingtonindependent.com/18091/the-moratorium-myth National News in Context Fri, 27 Nov 2009 19:49:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Jones - Mortgage http://washingtonindependent.com/18091/the-moratorium-myth/comment-page-1#comment-31379 Jones - Mortgage Fri, 22 May 2009 13:13:05 +0000 http://washingtonindependent.com/?p=18091#comment-31379 Moratoriums and freezes requires a lot from the homeowner and the mortgage servicers, but in this recession with so many cut backs happening, there may not be enough man power to effectively and efficiently negotiate foreclosures for everyone. Someone is bound to be left out. Moratoriums and freezes requires a lot from the homeowner and the mortgage servicers, but in this recession with so many cut backs happening, there may not be enough man power to effectively and efficiently negotiate foreclosures for everyone. Someone is bound to be left out.

]]> By: Rick http://washingtonindependent.com/18091/the-moratorium-myth/comment-page-1#comment-12180 Rick Sun, 16 Nov 2008 11:01:49 +0000 http://washingtonindependent.com/?p=18091#comment-12180 THE SOLUTION TO THE PROBLEM IS TO RESET ALL HOME MORTGAGES <br>THROUGH A NEW PROGRAM THAT OFFERS MORTGAGES FOR HOMES THAT WILL<br>BE OWNER OCCUPIED; A 3% FIXED RATE LOAN FOR A 30 YEAR TERM AND OFFER<br>THIS PROGRAM FOR THE NEXT 3 YEARS. <br><br>THESE MORTGAGES WILL ALSO APPLY TO NEW HOME PURCHASES WITH MORTGAGES <br>FOR OWNER OCCUPIED MORTGAGES ONLY.<br><br>THIS WILL PUT MONEY BACK INTO THE HANDS OF THE CONSUMERS AND BOOST<br>THE ECONOMY.....STABILIZE HOUSING PRICES .....REDUCE EXCESS INVENTORY...<br>BRING PARITY TO THE HOME OWNER VERSUS RENTERS INBALANCE.<br><br>RESTARTING THESE MORTGAGES UNDER THIS PROGRAM WILL MAINTAIN THE <br>CURRENT BORROWED AMOUNT BASIS WHICH WILL ALLOW FINANCIAL INSTITUTIOS<br>"REMOVE THEM FROM THE TOXIC LIST".....STOP FORECLOSURES AND CREATE DEMAND. 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.

]]> By: Scott S http://washingtonindependent.com/18091/the-moratorium-myth/comment-page-1#comment-12025 Scott S Thu, 13 Nov 2008 14:01:25 +0000 http://washingtonindependent.com/?p=18091#comment-12025 I just completed a loan modification with <a href="http://www.rapidmodify.com">http://www.rapidmodify.com</a> on my Chase mortgage. They did an unbelievable job and lowered my payment significantly. The 2 payments I was behind got pushed to the end of my loan and I am current with Chase again. <a href="http://www.rapidmodify.com">http://www.rapidmodify.com</a> was easy to work with, they responded quickly to all of my questions and got the job done in under 2 weeks once I put in my paperwork. I highly recommend them if you have a Chase loan. I just completed a loan modification with http://www.rapidmodify.com on my Chase mortgage. They did an unbelievable job and lowered my payment significantly. The 2 payments I was behind got pushed to the end of my loan and I am current with Chase again. http://www.rapidmodify.com was easy to work with, they responded quickly to all of my questions and got the job done in under 2 weeks once I put in my paperwork. I highly recommend them if you have a Chase loan.

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