Discussing what the obama administration can do to fix the housing crisis, with Gerald O’Driscoll, of the Cato Institute; Jonathan Cowan, of Third Way; and CNBC’s Diana Olick.
Finding a Fix for Housing
Previous post: Obama Administration Expands Loan Modification Plan
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mortgage companies and banks don’t want to work with the people, it is crap. People should be able to negotiate current mtg’s based on their income. If somebody has loss a job, medical, whatever and their budget shows they can afford a lower payment by lower their interest rate why not. The bank is getting paid and the borrower is able to keep their home. Stingy greedy ********. It’s a win win situation. People shouldn’t have to pay thousands of dollars to lower their rate to save their home their company should be working with them. Nobody is willing to help, the whole stimulus is horse****. It’s a promotional front. I’ve did a ton research and haven’t know of anybody yet that has got assistance. Everybody wants to make a buck, don’t you think in the long run everybody would win if they all worked together OMG what a concept!! There needs to be a site to report lenders not willing to work with the people.