http://monoblogue.us/2007/12/06/ripples-from-a-bailout/ I've presented news and views from Maryland's Eastern Shore since 2005, but my writing can be found at several conservative websites. Wed, 08 Feb 2012 13:28:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://monoblogue.us/2007/12/06/ripples-from-a-bailout/comment-page-1/#comment-102869 marvin Mon, 27 Jul 2009 13:08:38 +0000 http://monoblogue.us/?p=746#comment-102869 The current <a href="http://www.obama-bailout.us/" rel="nofollow">bailout</a> plan the Obama administration has somehow contribute in lessening the effects of economic global crisis to everyone. Maybe in due time, the economy will bounce back to where it should be. The current bailout plan the Obama administration has somehow contribute in lessening the effects of economic global crisis to everyone. Maybe in due time, the economy will bounce back to where it should be.

]]> http://monoblogue.us/2007/12/06/ripples-from-a-bailout/comment-page-1/#comment-74271 Fred Fri, 07 Dec 2007 18:42:37 +0000 http://monoblogue.us/?p=746#comment-74271 Well, You have some good points here, but ... Where you are mentioning fed actions in regards to interest rates you are a bit off. The fed adjusts the prime rate, they do not adjust the mortgage rates. When mortgage rates were rising last summer, the fed was cutting rates. The lenders were already using the market to adjust for the losses in the mortgage business. It is hard to understand what the details of the 'proposed fix' will be, but I did hear one detail that will impact all taxpayers. There was a statement that the FHA will 1) lower their standards for accepting loan applications and 2) that the federal govt would guarantee FHA loans. Now depending on what these broad statements have as details, it is concievable that all sub-prime loans could find their way into the FHA, and default once there - leaving the taxpayers to pay for the loans. Also, depending on the details, it is concievable that all forclosures for all reasons could find their way into the FHA. This would be the magic bailout bucket for all lenders involved in the mortgage business. Well, You have some good points here, but … Where you are mentioning fed actions in regards to interest rates you are a bit off. The fed adjusts the prime rate, they do not adjust the mortgage rates. When mortgage rates were rising last summer, the fed was cutting rates. The lenders were already using the market to adjust for the losses in the mortgage business. It is hard to understand what the details of the ‘proposed fix’ will be, but I did hear one detail that will impact all taxpayers. There was a statement that the FHA will 1) lower their standards for accepting loan applications and 2) that the federal govt would guarantee FHA loans. Now depending on what these broad statements have as details, it is concievable that all sub-prime loans could find their way into the FHA, and default once there – leaving the taxpayers to pay for the loans. Also, depending on the details, it is concievable that all forclosures for all reasons could find their way into the FHA. This would be the magic bailout bucket for all lenders involved in the mortgage business.

]]>