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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
BUSH wants to give tax $'s to Mortgage Holders
Posted by:
Lurker.
()
Date: August 31, 2007 09:32AM
WASHINGTON - Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump.
The president on Friday was to talk about several initiatives and reforms to help homeowners with risky mortgages keep their homes, a senior administration official said Thursday. Bush also was to discuss efforts to prevent these kinds of problems from arising in the future.
The official said Bush will direct Treasury Secretary Henry Paulson and Housing Secretary Alphonso Jackson to work on an initiative to help troubled mortgage holders get services and products they need to keep them from defaulting on their loans. The official spoke on condition of anonymity to discuss details of the initiatives ahead of the presidential event.
Edited 1 time(s). Last edit at 08/31/2007 03:45PM by Lurker..
The president on Friday was to talk about several initiatives and reforms to help homeowners with risky mortgages keep their homes, a senior administration official said Thursday. Bush also was to discuss efforts to prevent these kinds of problems from arising in the future.
The official said Bush will direct Treasury Secretary Henry Paulson and Housing Secretary Alphonso Jackson to work on an initiative to help troubled mortgage holders get services and products they need to keep them from defaulting on their loans. The official spoke on condition of anonymity to discuss details of the initiatives ahead of the presidential event.
Edited 1 time(s). Last edit at 08/31/2007 03:45PM by Lurker..
Re: BUSH wants to give money to Mortgage Holders
Posted by:
For Sure
()
Date: August 31, 2007 01:19PM
I can't wait until Bush is removed from office and democracy is restored to our wonderful Cuntry.
Re: BUSH wants to give tax $'s to Mortgage Holders
Posted by:
cw
()
Date: August 31, 2007 04:33PM
I am glad Cary doesnt delete profanity on this board. Fuck every last one of the white trash borrowers who are facing foreclosure. They earn 50k and year and purchased a 800k home.
There is no mystery here, they wanted a big home they couldnt afford so they got it anyway. Now Bush and the rest of the simpletons in DC want to bail them out with the tax money of people who lived within their means.
The speculators should have been left to get just what they deserved. They took the risk of flipping homes in a hot market. The market cooled just as it does at certain times and they got caught holding the bag. Now we are supposed to feel sorry for them? To anyone who does feel sorry for them that is the reason the housing market exploded and drove most people further out. It was the speculators buying and betting on the come.
Fucking idiots think the mortgage companies get the money at 5% and will loan it out to them at 2%. Yeah, they are in the business of losing money on every loan they write.
There is no mystery here, they wanted a big home they couldnt afford so they got it anyway. Now Bush and the rest of the simpletons in DC want to bail them out with the tax money of people who lived within their means.
The speculators should have been left to get just what they deserved. They took the risk of flipping homes in a hot market. The market cooled just as it does at certain times and they got caught holding the bag. Now we are supposed to feel sorry for them? To anyone who does feel sorry for them that is the reason the housing market exploded and drove most people further out. It was the speculators buying and betting on the come.
Fucking idiots think the mortgage companies get the money at 5% and will loan it out to them at 2%. Yeah, they are in the business of losing money on every loan they write.