User Panel
User Panel
User Panel
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Posted: 9/10/2010 1:21:51 PM EDT
[#1]
I'll give whatever it is a shot.
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Posted: 9/10/2010 1:24:47 PM EDT
[#2]
 post up the question...Historically speaking, ARFCOM has been great at physics/math/engineering questions. 
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Posted: 9/10/2010 1:25:54 PM EDT
[#3]
send me an IM too
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Posted: 9/10/2010 1:28:07 PM EDT
[#4]
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Posted: 9/10/2010 1:38:23 PM EDT
[#5]
sweet!!! thanks! that may help me figure out what i was curious about. in light of the apparent failure of the home loan mod programs from keeping people that really wanted to keep their homes, i wondering if there was a better way to deal with this issue. the question i had, is, would have suspending the interest on a loan for say 5 years have worked? |
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Posted: 9/10/2010 1:51:52 PM EDT
[#6]
Quoted:
sweet!!! thanks! that may help me figure out what i was curious about. in light of the apparent failure of the home loan mod programs from keeping people that really wanted to keep their homes, i wondering if there was a better way to deal with this issue. the question i had, is, would have suspending the interest on a loan for say 5 years have worked? Most of the people in trouble bought recently so their payments are mostly interest. It certainly would have cost them less but would they be able to even afford the modest principal? Houses are still overpriced, and many are under water, some by a lot. The banks took on that risk. They need to either modify the balances to reflect current values or continue to suffer a high foreclosure rate. |
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Posted: 9/10/2010 3:05:09 PM EDT
[#7]
Quoted:
Most of the people in trouble bought recently so their payments are mostly interest. It certainly would have cost them less but would they be able to even afford the modest principal? Houses are still overpriced, and many are under water, some by a lot. The banks took on that risk. They need to either modify the balances to reflect current values or continue to suffer a high foreclosure rate. Median Household income, as of 2nd Qtr 2010, was ~ $49,100. Median Home Price, as of July, 2010, was $204,300. A household income of $49,100 would point towards a house price of ~$160,000. 9.1 month supply of houses for sale. There is more mortgage correction needed in the marketplace. |
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Posted: 9/10/2010 3:13:58 PM EDT
[#8]
i will give your question a shot.
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