Comments on: Fannie and Freddie: Slashing Mortgages Is Good Business

By: Carolyn Pfotzer

Carolyn Pfotzer — Sat, 24 Mar 2012 19:21:43 +0000

WHO LENT THE MONEY???? DID A FAMILY GO INTO A BANK AND SAY, “WE WOULD LIKE TO PURCHASE A $400,000 HOME THAT WE CAN’T AFFORD?”.

In reference to paragraph 7 or 6 whichever way you look at it, it states that …”many borrowers who are paying on their mortgages every month feel it is unfair…why, they ask, should they have to keep paying the full amount while others who took a loan ‘THEY ULTIMATELY COULDN’T AFFORD OR SAW THEIR HO– USE PLUMMET IN VALUE GET A BREAK’?” It’s not the borrower’s fault they defaulted on their mortgage if the BANKSTERS LENT them the money in the first place and didn’t even ask for bank statements, pay stubs, etc.!!

Like it’s the borrowers’ fault their house value plummeted also. What??? If the borrowers who are paying their mortgages and aren’t “underwater” with their mortgages want to default…go ahead, they’ll see just how wonderful it is to feel “helpless”.

By: lvent

lvent — Fri, 23 Mar 2012 19:57:45 +0000

In reply to Fighting In Ohio. Does Fannie Mae have a legal assignment from the Originator.. recorded at your County Recorders Office? If not, they have no legal right to collect any money from you.,..

By: Fighting In Ohio

Fighting In Ohio — Fri, 23 Mar 2012 19:30:59 +0000

I have found out that Fannie Mae owns my Note … Not the mortgage? I know, I know!! However, my house is not underwater. As a matter of fact I still have equity in my home. So do I get a principal redution??

By: ruth ann traci

ruth ann traci — Fri, 23 Mar 2012 18:28:31 +0000

Defaulting! After 4+ years clingng to properties underwater 75% raping every dime/savings/retirement/ruined credit; the end results are ? Renting it back to the homeowner? Principle Reduction? Principle Reduction, Rate Reduction, in most cases it has taken the banks 1+ yrs just to communicate, that leaves the homeowner/investor with 1 yr of back payments+fees at the highest rate?? So just what are they going to mark down? this is supose to be doing the taxpayers a favor?? They are now dealing with long time homeowners with lots of skin in the game(their words not mine) and they are going to think about principle reduction? and I supose the banks are only interested in doing this because?? our wonderful government will pay them for doing so! Freddie & Fannie after refusing to listen to homeowners/ are going to rent it back too them?? and that makes sense to them? rather than having made their house payment affordable?? what a bunch of lies,how do these people sleep at night, do you really think it even matters at this point? Liars, and the American Dream has been shattered, no thanks to any of their principle reduction? selective few will qualify!

By: lvent

lvent — Fri, 23 Mar 2012 16:35:27 +0000

They are bound and determined to fraudclose on every thing in America and make us a nation of renters and they never lent anyone any money..I would not send these crooks another dime because they owe the U.S. TAXPAYERS GAGILLIONS and their debts are massive and unsustainable and they are who do not pay their debts. …they want the American people to keep paying for their fraud over and over again untill we are bankrupt as a nation. Everyone should wake up and stop participating in this fraud or they will steal our National Sovereignty in the biggest fraud in history with no skin in the game..

By: Joe Testa

Joe Testa — Fri, 23 Mar 2012 14:29:27 +0000

All the reprobates that concocted and conspired in “Fraudclosuregate,” during 2000-2008, want to give everyone an insentive to get better rates. The reason being is that they then have a loan that is back on the radar screen and one that they can foreclose upon without the fear of fraud upon the court and common law fraud and a million other crimes.

By: Pamela Edwards

Pamela Edwards — Fri, 23 Mar 2012 14:00:17 +0000

Anybody who continues to pay thier mortgage and is under water needs to take a good hard look at defaulting on thier mortgage.Banks don’t give a damn when they default and it happens everday.On top of the fact that they take over foreclosed propertys and then walk away and call it a business model.