Obama's housing plan unveiled....

[Gino]

http://money.cnn.com/2009/02/18/news/economy/obama_foreclosure/index.htm?postversion=2009021809

Let the debate begin!!!

Obviously the biggest flaw is the 105% rule. You cant qualify for a modified loan unless the new loan is only for 105% of the homes current value.

Plus, it still requires the lenders to agree (Obama's "carrot" is a thousand bucks).

Probably won't help many people.

[ChumpDumper]

Yeah, nine million homeowners isn't much at all.
Plus, it still requires the lenders to agree (Obama's "carrot" is a thousand bucks).Lenders can just let a bankruptcy judge alter the terms of the mortgage as he or she seems fit then.

[Gino]

Yeah, nine million homeowners isn't much at all.Lenders can just let a bankruptcy judge alter the terms of the mortgage as he or she seems fit then.

Dumbass. Wasn't "Help for Homeowners" suppose to help millions upon millions?

I think theyre at 25. That is not a typo.

[ChumpDumper]

Dumbass. Wasn't "Help for Homeowners" suppose to help millions upon millions?

I think theyre at 25. That is not a typo.There was no reason for the lenders to cooperate.

They have been fighting any homeowner aid the entire time.

Of course you wouldn't know that because you just aren't intelligent at all. Not a typo.