Yay! Woke up to the news that Iowa will have to allow gay marriages, at least until the legislature hurriedly 'plugs up' the threat by some state Constitutional amendment!
I imagine that will be their top priority now. People will have to act fast.
It looks like Bush is planning to rush some legislation to help people keep their homes in the current mortgage crisis.
[link]
Good on him. I hope something can be hammered out to help people restructure their loans to stay in their home.
I heard an idea being floated to allow people whose homes have been foreclosed on to keep living in the home and pay a fair market rent.
Basically, they would lose their property, but they wouldn't be kicked out on the street.
It makes sense to me.
[link]
Tom, insent with a quick question.
My email is kind of wonky at the moment, but my quick answer is yes.
I really don't trust Bush or Jackson to do right by subprime borrowers.
This
Bush will direct Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson to team up to help troubled mortgage holders get the services and products they need to avoid defaulting on their loans, the official said.
Sounds distressingly vague.
NBC Universal also wants iTunes to stiffen anti-piracy provisions so computer users would not have easy access to illegal downloads.
Because the way to keep people from pirating video is to remove the most accessible way to get it legally.
Also, what easy access does iTunes have any say over?
My email is kind of wonky at the moment, but my quick answer is yes.
Cool. I will go do the thing then.
We're having some kind of Monsoon. Just when I think it can't rain any harder, it does.
I heard an idea being floated to allow people whose homes have been foreclosed on to keep living in the home and pay a fair market rent.
I have no idea how one would successfully (or fairly) implement such a system.
And while I hate the idea that these predatory loans ever existed, many people used them to buy houses they couldn't normally afford or to pay down other consumer credit card debt. I don't really feel sorry for those people, just like I don't feel sorry for people that buy $30,000 cars when they make $40,000 a year.
And while I hate the idea that these predatory loans ever existed, many people used them to buy houses they couldn't normally afford or to pay down other consumer credit card debt. I don't really feel sorry for those people, just like I don't feel sorry for people that buy $30,000 cars when they make $40,000 a year.
In a lot of cases though, they were told they would be able to refinance in a few years (no mention of prepayment penalties), income amounts were changed, clients were told to sign paperwork that wasn't fully filled out. I've had some people call and say that when they qualified it was for a 30 year fixed, but now it says they have an ARM.