http://loanworkout.org/2009/11/bank-buying-back-billions-in-bad-mortgages/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Tue, 18 Oct 2011 02:57:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://loanworkout.org/2009/11/bank-buying-back-billions-in-bad-mortgages/#comment-18240 anonymouse Mon, 30 Nov 2009 17:19:36 +0000 http://loanworkout.org/?p=7039#comment-18240 Perhaps if the big banks such as NCB who stopped funding loans on their books "for their own reasons" that were not in default, such as commercial loans on projects that were over 70% complete and sold, the damage throughout the economy would not be so great. Those loans that were forced into default though still viable would likely have paid the banks back in full, and the multitude of small businesses, small banks and employees that are now suffering through losses, bankruptcies, and foreclosed home mortgages due to the loss of jobs would not be such a factor in the economy today. Perhaps if the big banks such as NCB who stopped funding loans on their books “for their own reasons” that were not in default, such as commercial loans on projects that were over 70% complete and sold, the damage throughout the economy would not be so great.
Those loans that were forced into default though still viable would likely have paid the banks back in full, and the multitude of small businesses, small banks and employees that are now suffering through losses, bankruptcies, and foreclosed home mortgages due to the loss of jobs would not be such a factor in the economy today.

]]>