Tag Archives: Mortgage

Solve the mortgage issue: Let Americans buy it back.

Posted by The Wino on February 26, 2009 None comments | 519 views

I have embedded a CNBC video from this morning. This actually makes a little sense.

  • Government buys up mortgages for cents on the dollar.
  • Government turns becomes the broker for the homeowner.
  • Homeowner goes to the bank with reduced mortgage due to decline in home values.
  • Bank issues new loan.
  • Homeowner gets a new loan on the current value of the house.


Airtime: Thurs. Feb. 26 2009 | 6:50 AM ET Whether the key to the financial mess is to allow Americans to buy their own mortgages at discounted prices, with Lou Brien, DRW Trading Group and CNBC’s Steve Liesman.

What’s your opinion? Post your comments below!

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CNBC’s Rick Santeli nails it!

Posted by The Wino on February 19, 2009 1 comments | 4,599 views

“Do you want to pay for your neighbor’s mortgage??”

Check out what Rick Santeli has to say: Trader Buzz on the Government\’s Plan

“The trading floor buzz on whether the government’s plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC’s Rick Santelli”

My 2 cents:

HELL NO Mr. Chase! I want equality! I want the 4% rate. Hell, I don’t need my principle adjusted, just give me a lower rate.   IF you feel the need to adjust my principle, I give you permission Mr Chase!  I will feel rewarded for paying on time.  I might even put you on my Christmas card list.


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Where’s my mortgage adjustment?

Posted by The Wino on January 30, 2009 3 comments | 1,469 views

Suck It

People get bailed out by banks for not paying their mortgage.  My question to the banks, where’s my reward for paying on time?!?!  You are willing to drop to your knees to help someone who is delinquent, but you shun the folks who opt to pay you back in full.

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