Will the HVCC ever see the light of day?

[Workbox]

Cuomo should just take them to the cleaners in the lawsuits, stop playing politics. What happen to market responsibility?

 

[Diego Lopez]

Convert all the 30 year loans to 40 years, put all arrears payments on the end of the loan, have a 10 year call to refinance or pay off. Convert all arm products to fixed rates at face plus 2%. Crisis averted.

PE the only problem with your solution is that you assume that people want to pay off their homes. Some people in foreclosure are in it because a home is no longer a + equity producing asset and not because they can't afford to pay for it. Aside from that, what you propose can work for many.

 

[Pamela Crowley (Florida)]

WHO was involved in writing the HVCC?????​

 

[Hamlet]

PE the only problem with your solution is that you assume that people want to pay off their homes. Some people in foreclosure are in it because a home is no longer a + equity producing asset and not because they can't afford to pay for it. Aside from that, what you propose can work for many.

What else would be their choice, facing foreclosure and bankruptcy? Those that bought as investment and not as primary residence should not be considered for any type of program IMO.

 

[D-Max]

Pam to answer your question....danged if I know!

Truth be told we may never know EVERYONE that had there pen on it.

 

[Ken B]

WHO was involved in writing the HVCC?????​

I heard it was the missing section of the Communist Manifesto.

 

[rcsone]

....the ships that carry the gold......and are looking for cheap rowers....rs

 

[Fred]

Committees, Horses and Camels

Will the HVCC ever see the light of day?

That depends on what the meaning of "HVCC" is? By the time its completed, it may bear little resemblence to what it started out as. On the other hand, it may end up like Title XI of FIRREA, looking like what it was intended to look like, but with a loophole so big (de minimis) that it is incapable of fulfilling its stated purpose.

 

[PL1957]

Cuomo should just take them to the cleaners in the lawsuits, stop playing politics. What happen to market responsibility?

What do lawsuits have to do with market responsibility?

 

[rcsone]

....payment by pocket liablity in dollars for responsibility vs. payment by taunting threats of low morality.....best to all.............rs