Comments on: Dodd: How’s That Foreclosure Plan Working?

By: paulbjaylee

paulbjaylee — Mon, 06 Jul 2009 15:43:38 +0000

Working with IMN, MassMutual is able to personalize the newsletters with content of interest to specific audience segments. “This helps create one-on-one action with the people who sell the products,” says Gates. Besides driving fidelity 401k seminar attendance, the newsletters are used to promote appearances at trade shows and to generate booth traffic. But the program's core is building relationships — and ultimately, sales.

By: bettyhadley

bettyhadley — Sat, 20 Jun 2009 10:04:17 +0000

I own a condo and have an outstanding balance of $140k, consisting of $104k primary and $36k secondary. I took the home equity to consolidate debts. At the time the property was valued at $163k but now it is valued at $134k. I'm looking to sell because i am engaged and will be moving into my fiancee's home. Check http://obamamortgage2009.blogspot.com/2009/03/o... If I have a buyer who offers me within say $5-7k of the outstanding, can i agree to assume a loan on the residual and pay the bank the difference over time with interest? The same bank holds both mortgages.

By: Tom

Tom — Mon, 15 Jun 2009 12:12:47 +0000

I guess I expected more from Obama, The Banks pulled the wool over his eyes and they walked away with billions in bonuses and the foreclosure problem just marches on. I just do not understand the banks inability to foregive a portion of a mortgage that exceeds the current market value. A bank would rather foreclose on a house and get about 50% of the fair market value, than to adjust the mortgage balance to the current market value and get more of their investment back. I wish I could get most of my 401k back. The banks created the problem, most home owners just purchased a home that was a stretch, because the banks created a housing buble with their lending practices. Most homeowners did not go out and buy mansions, they purchased average houses that were overpriced. Short term rate adjustments and extended payments do not solve the problem of the house that is siginifcantly underwater.

By: Tom

Tom — Mon, 15 Jun 2009 05:12:47 +0000

By: Nick

Nick — Fri, 05 Jun 2009 00:17:45 +0000

It's time to get rid of Sen. Dodd and install a senator who is competent and dedicated to the Constitution. Support Peter Schiff for U.S. Senate in 2010.

By: Home Foreclosure Today » Blog Archive » Dodd: How’s That Foreclosure Plan Working? - The Washington Independent.com

Thu, 04 Jun 2009 21:54:48 +0000

[...] Post By Google News Click Here For The Entire Article Buy and Sell Real Estate Without Paying a Broker! Share and Enjoy: These icons link to social [...]

By: Dodd: How’s That Foreclosure Plan Working?

Dodd: How’s That Foreclosure Plan Working? — Thu, 04 Jun 2009 21:02:56 +0000

[...] News Sources wrote an interesting post today onHere’s a quick excerptHerb Allison, President Obama’s nominee to become the Treasury’s assistant secretary for financial stability, appeared today before the Senate Banking Committee, where Chairman Chris Dodd (D-Conn.) met him with a question that’s increasingly on the minds of the nation’s struggling homeowners: Just how well is the administration’s foreclosure-prevention plan working out? Dodd said: First, we need good data on how many loans are being modified or refinanced. … How many are being rejected for as [...]