Comments on: Why HARP is Struggling http://banktalk.org/2010/03/03/why-harp-is-struggling/ Exploring the Finances of the Unbanked Tue, 22 May 2012 19:08:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ezwekjac http://banktalk.org/2010/03/03/why-harp-is-struggling/comment-page-1/#comment-5572 ezwekjac Sat, 08 Jan 2011 19:33:35 +0000 http://banktalk.org/?p=1774#comment-5572 <a href="http://rubenlooka.host-ed.net/logicheskie-igry-shariki-besplatno-igrat.html" rel="nofollow">

]]> By: diazpty http://banktalk.org/2010/03/03/why-harp-is-struggling/comment-page-1/#comment-982 diazpty Wed, 19 May 2010 16:54:44 +0000 http://banktalk.org/?p=1774#comment-982 How about the governmnet bail out the people instead of the banks. The government can pay the banks a check in the name of the perosn being under water. That way the loan will be reduced in the same amount of the check to the owner (real people). That will be smarter than giving a few hundred dollars to spent in Wallmart. Technology allows to know who is under water based on facts, year bougth, prices and current value. How about the governmnet bail out the people instead of the banks. The government can pay the banks a check in the name of the perosn being under water. That way the loan will be reduced in the same amount of the check to the owner (real people).

That will be smarter than giving a few hundred dollars to spent in Wallmart.

Technology allows to know who is under water based on facts, year bougth, prices and current value.

]]> By: ChrisCD http://banktalk.org/2010/03/03/why-harp-is-struggling/comment-page-1/#comment-700 ChrisCD Thu, 11 Mar 2010 22:30:04 +0000 http://banktalk.org/?p=1774#comment-700 Refinances aren't higher because those that may consider it are under water in their home. It doesn't matter how low the rates are if what your home is worth is much less than your current loan. I've put an idea before. But that is for the banks to take an equity position in the home. The homeowner would get a new loan at today's value, but when the house is sold down the line, the bank shares in the profits. It would keep the bank from having to take a huge loss, keep the homeowner in the home, and encourage them to stay for a long period of time. A pre-payment penalty could be put into place if the home isn't held for a certain amount of time. This is actually similar to our first home purchase. As a first-time buyer, our state underwrote a portion of the interest. In order to be free and clear of any penalties we had to stay in the house for 10-years. That kept speculators from getting low interest loans. The formula was based on income and change in home value. cd :O) Refinances aren't higher because those that may consider it are under water in their home. It doesn't matter how low the rates are if what your home is worth is much less than your current loan.

I've put an idea before. But that is for the banks to take an equity position in the home. The homeowner would get a new loan at today's value, but when the house is sold down the line, the bank shares in the profits. It would keep the bank from having to take a huge loss, keep the homeowner in the home, and encourage them to stay for a long period of time. A pre-payment penalty could be put into place if the home isn't held for a certain amount of time.

This is actually similar to our first home purchase. As a first-time buyer, our state underwrote a portion of the interest. In order to be free and clear of any penalties we had to stay in the house for 10-years. That kept speculators from getting low interest loans. The formula was based on income and change in home value.

cd :O)

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