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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:35 AM Original message |
Bank of America agrees to modify mortgages |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:40 AM Response to Original message |
1. this bears watching |
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Bluebear (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:42 AM Response to Original message |
2. >>>>>>The settlement applies to people who obtained their mortgages through Countrywide |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:43 AM Response to Original message |
3. That's what Congress needs to do for everybody. |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:46 AM Response to Reply #3 |
6. That's a possibility |
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cstanleytech (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:35 AM Response to Reply #3 |
18. No, not everybody. |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 07:34 AM Response to Reply #18 |
29. Right, that's what I meant (almost as a 'given'). |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 10:26 AM Response to Reply #18 |
35. Let's hope this becomes an industry wide trend... |
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cstanleytech (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 10:07 PM Response to Reply #35 |
36. I know the feeling, I've gotten the same treatment when I suggested it on another forum. |
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JeanGrey (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 10:18 PM Response to Reply #18 |
37. Gee I so wish the government was around to reduce my |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 03:38 AM Response to Reply #3 |
22. That would have been implicit in the alternative, |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:44 AM Response to Original message |
4. Nice! At a quick read, sounds like a good deal. Esp. the removal of prepayment charges. |
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aquart (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:06 AM Response to Reply #4 |
11. Do you mean points? Wish they did that for student loans. |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:16 AM Response to Reply #11 |
13. I don't know what "points" means. |
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femmedem (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 06:18 AM Response to Reply #13 |
23. Points are a percentage of the total mortgage. |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 08:57 AM Response to Reply #11 |
31. God, me too! |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:44 AM Response to Original message |
5. I would like to know exactly what deceptive practices were used. |
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Mind_your_head (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:49 AM Response to Reply #5 |
7. Why do they never detail these things? |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:50 AM Response to Reply #5 |
8. LIsa Madigan lists them in her press release here: |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:31 AM Response to Reply #8 |
16. Perfect...thanks. |
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Bluebear (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:57 AM Response to Reply #5 |
10. A taste here: |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:34 AM Response to Reply #10 |
17. That is a list of incredibly stupid behavior. |
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gopbuster (715 posts) Send PM | Profile | Ignore | Mon Oct-06-08 12:54 AM Response to Original message |
9. I wonder how they are doing this..... |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:20 AM Response to Reply #9 |
15. What a byzantine mess. Looks like it will require a ton of releases and waivers |
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gopbuster (715 posts) Send PM | Profile | Ignore | Mon Oct-06-08 06:33 AM Response to Reply #15 |
26. We'll see if they end up needing to do this (bankruptcy laws)..... |
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Trajan (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:08 AM Response to Original message |
12. This is the approach that makes sense ... |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:18 AM Response to Original message |
14. There's a backstory here... |
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gopbuster (715 posts) Send PM | Profile | Ignore | Mon Oct-06-08 06:23 AM Response to Reply #14 |
24. That is why they said they are getting the "states" to sign up |
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ORDagnabbit (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 01:46 AM Response to Original message |
19. we all better get a cut or Ihe public will rise up and start burning banks.... n/t |
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Mind_your_head (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 02:38 AM Response to Reply #19 |
20. What you said! n/t |
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newtothegame (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 03:30 AM Response to Original message |
21. thanks n/t |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 06:30 AM Response to Original message |
25. A whole year after the crisis began they finally, grudgingly agree to modify loans |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 07:09 AM Response to Reply #25 |
27. This is what happens when you sound off... |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 07:17 AM Response to Reply #27 |
28. Derivative lawsuits are a handy excuse |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 09:30 AM Response to Reply #28 |
32. Believable to me since I saw it mentioned... |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 09:45 AM Response to Reply #32 |
33. I understand that is your belief |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 09:53 AM Response to Reply #33 |
34. And on what do they base those "beliefs"? Why should I... |
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gopbuster (715 posts) Send PM | Profile | Ignore | Tue Oct-07-08 05:44 AM Response to Reply #34 |
41. Here we go: |
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gopbuster (715 posts) Send PM | Profile | Ignore | Mon Oct-06-08 11:41 PM Response to Reply #28 |
38. The way the MBS bundle contracts are written is that the |
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gopbuster (715 posts) Send PM | Profile | Ignore | Tue Oct-07-08 05:43 AM Response to Reply #28 |
40. This is how they trumped the MBS contracts...the AG's forced their hand |
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gopbuster (715 posts) Send PM | Profile | Ignore | Mon Oct-06-08 11:45 PM Response to Reply #27 |
39. See post : |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Mon Oct-06-08 08:13 AM Response to Original message |
30. Am I the only one who thinks Banker= Criminal? |
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