g*******n
发帖数: 12458 | 1 Bank of America Starts Mortgage Reduction Effort
Bank of America has started sending letters to thousands of homeowners in
the United States, offering to forgive a portion of the principal balance on
their mortgages by an average of $150,000 each.
The reduction for qualifying homeowners could amount to monthly savings of
up to 35 percent on mortgage payments, Bank of America said in a news
release on Monday evening.
The principal reduction offers from Bank of America Home Loans are the
result of a $25 billion settlement agreement earlier this year with 49 state
attorneys general as well as federal authorities who had been investigating
allegations of abuses over the handling of foreclosures.
“To the extent principal reduction and other modification tools help us
turn mortgages headed for possible foreclosure into long-term performing
loans, it will be positive for homeowners, mortgage investors and
communities,” Ron Sturzenegger, a legacy asset servicing executive, said in
the statement.
The bank said it planned to contact more than 200,000 homeowners who could
be candidates for the offers, sending letters to a majority of them by the
third quarter of this year.
To be eligible for the principal reductions, however, homeowners will have
to meet certain criteria, including: having a loan owned or serviced by Bank
of America; owing more on the mortgage than their property is worth; and
being at least 60 days behind on payments as of the end of January.
In the statement, the bank said it had started making such offers in March
to a narrower group of homeowners — those who were already in the process
of seeking mortgage modification. The bank estimated that the earlier wave
of trial reduction offers to about 5,000 people could amount to more than $
700 million in forgiven principal. But homeowners have to make at least
three timely payments for the reductions to become permanent.
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John • 3 hours ago
what, for give 150,000 to decrease payment 35% . So their mortgage is about
450,000??
Too much debt, Too much house is the problem..Is that fair to the people who
have a smaller house with 150,000 total debt that they are making all
payments on???????
o
Rod E 3 hours ago
I would agree with that logic. People who bought a half million dollar house
on a $60K a year salary were just being foolish.
o
Colin 2 hours 46 minutes ago
I would say the folks who bought the smaller house should stop making
payments immediately...
o
none 1 hour 21 minutes ago
$450,000 is not too much debt. My husband and I make about $170,000 a year
combined. That's not too much debit for us (we paid $230,000 for our house,
because we liked it and it was available though).
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Dandy • Omaha, Nebraska • 4 hours ago
I am waiting for a program (Government or otherwise) for all of us who
stayed in our old housed we could afford, did not borrow money we could not
pay back, saved money before making purchases, went to work and payed taxes
everyday, ............... Not much of a chance anyone cares about us.
o
Jack 3 hours ago
You will be waiting a long time. Don't you know that the US is a country
that punishes people who save their money and rewards those who spend that
which they don't have?
o
Timothy 3 hours ago
Jump on the Obama "free money" turnip cart!
o
Rick 3 hours ago
Dandy and Jack...You are both so right! I thought I was the only person who
felt this way. I bought a house that I could afford, and now I'm getting
shafted. Who thought sub-prime loans (people with bad credit) was a good
idea???
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Just the Facts • Richmond, Virginia • 1 hour 42 minutes ago
$150,000 AVERAGE principal reduction? That's the cost of my whole house...
I could have gotten more home, but I did the responsible thing and borrowed
within my means and paid my 20% down. Is there ANYONE out there who sees a
problem with this? Allowing deadbeats to stay in mansions (relatively
speaking) while I scrimp and save to stay current on my measily little
American dream???
o
TomM 1 hour 25 minutes ago
yes i have a problem with this, I am in the same shoes as you my friend..
this whole bailout nonsense of the last 3 years has to stop
o
Doug 1 hour 8 minutes ago
thats because politicians live in homes worth much more than $150k :-)
o
Jacob 1 hour 7 minutes ago
Me Me Me.....typical Conserv Crap....
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Justa Citizen • 1 hour 18 minutes ago
No way BOA is paying for this. WE will somehow.
o
Jack Miov 1 hour 15 minutes ago
Banking fees alone should cover it.
o
JETS-11FAN 25 minutes ago
I fully agree. They will start stealing even more from our checking accounts.
o
blurringthelines 15 minutes ago
We already did pay for it with the bail-out money that increased the deficit
that tax payers are still on the hook for. It's all a shell-game- and the
joke is on the tax payers. And, I hardly doubt this will help very many
people anyway, since most of the foreclosed properties occurred in the past
two years- not much help to those who already lost their homes. Can't wait
to see how the job market suddenly improves before November too- amazing
what can be done during an election/re-election year...did you notice how
much the gas prices have dropped recently too? Amazing!
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George • Encino, California • 1 hour 26 minutes ago
How about a little something for the people who actually pay thier bills ...
they used to at least give you a calender or a toaster
o
Just the Facts 1 hour 24 minutes ago
LOL - George, I was getting real mad reading this article until I saw your
post...classic!
o
Lazydoggs 1 hour 6 minutes ago
Im not sure I would except a toaster from my morgage company might be wired
to start a fire or something in attempt to get me out of the home
o
BIG DAN 37 minutes ago
I got a door knocker from Wells Fargo when I signed the closing papers on
a 160K mortgage!
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PK • 5 hours ago
And here I thought putting money down on a house and making extra principal
payments was a good idea. What a fool I am.
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Carol • Minneapolis, Minnesota • 4 hours ago
Absolutely unbelievable. I have had a mortgage with BOA for a little over 5
years. When I got laid off two years ago, my monthly unemployment benefit
was $1200 a month. My mortgage payment was $1032 a month leaving me $168 a
month for food, utilites, assn dues, insurance and gas. Impossible. I asked
BOA for a mortgage modification to get me through. I filled out close to 30
forms and mailed them in. My answer from BOA was that since I had never
missed a payment, I didn't show any hardship! WT??? Now Harp 2 is introduced
. I am working again, thank goodness, and made it through with help from
family. I applied for Harp 2. I fit the criteria. Conventional mortgage, my
current interest rate is 6.225%, never missed a payment, am current on my
mortgage and my mortgage is with Freddie Mac. Guess what? I got rejected for
LACK OF CREDIT! I called and found out that I hadn't racked up enough debt
to show my ability to manage debt! I have made mortgage payments for over
five years, and have two credit cards with a small balance, and my three
credit scores are 760, 756 and 749! And I got rejected for lack of credit!
Maybe these lenders want us to act like our government and spend our way
silly!
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Mike • 4 hours ago
Responsible people keep getting screwed from ALL sides.
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PK • 5 hours ago
$150K AVERAGE REDUCTION? You can buy a house for that much.
•
1966 • 1 hour 18 minutes ago
So the lesson is that if you don't pay your mortgage you could get a break
but if you find a way to pay it you don't get a break. I am no fan of BofA
but this is ridiculous. I'll bet that half of these people getting a break
will be behind again in a year.
•
Willow™ • 1 hour 20 minutes ago
I was in this dark and seedy industry for 10 years. Here is what the article
DOESN'T tell you: 1) They will adjust your payment in most cases but NOT
your balance. 2) If they DO adjust your balance, guess what you are getting
January of the following year? a 1099 for 150K. 3) These ''adjustments''
reflect on your CREDIT as modifications and or settlements for less than the
original amount. Yup, a 20 - 30 year credit ding, depending on how long you
continue to pay. Banking is such a blood sucking industry. I'm glad I was
able to save my soul.
•
Lisa B • 1 hour 26 minutes ago
B of A can't be trusted. Don't believe this will be this simple. They would
never give up this kind of money without getting something in return. It's
easier for them to do this than to have to give actual money to pay the
settlement off. They aren't doing this out of the goodness of their hearts.
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No sympothy • Olathe, Kansas • 4 hours ago
I was rewarded with my loan sold to another company! I paid my mortgage
every month before they bought it and screwed with it. Fought for over a
year with them to correct a problem they created and refused to fix!.. Got
threatened with foreclosure, was told that the problem was my fault, was
told that if I paid m mortgage on time I wouldn't be having problems.. I am
in my second home and after 20 years of payments I have never been late on
my mortgage until BOA took over my loan!.
This is more lies and despicable banking practices that the government
refused to see and take action against. BOA needs to be shut down!!!!!!!
•
Haasegust • 5 hours ago
Oh gee thanks! What about me the person that has NEVER been behind on
payments, as a matter of fact I am paid ahead. I live within my means and am
a not a greedy person.I have to pay for these L*$#%$ again?
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S E • Phoenix, Arizona • 44 minutes ago
Homeowners who have made their payments should file a class action suit for
150,000 each.
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I cant handle the truth • Carrollton, Texas • 5 hours ago
They need to do something even if its wrong? But maybe they should just do
nothing and let the chips fall
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- • 6 hours ago
I have a BOA mortgage....oh shoot I am not late so I guess i get nothing for
living up to my responsibilities
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Me • Tampa, Florida • 4 hours ago
And where is all this money coming from?
You don't need a college degree to figure this one out.
•
Jason • Houston, Texas • 2 hours 15 minutes ago
Maybe you will win tomorrow common plebeian Americans. You always seem to
believe it will change for the better tomorrow.
•
ROY • 21 minutes ago
Huge load of baloney. We have a mortgage with BoA and have never been late
on a payment. Why does someone get 2 months behind on their payments and get
what amounts to amnesty? Really disgusting that there are two sets of
standards in this country. Irresponsible people get breaks and bailouts.
Hardworking responsible people get tax increases. | B*****g
发帖数: 34098 | 2 求中文摘要
on
state
【在 g*******n 的大作中提到】
: Bank of America Starts Mortgage Reduction Effort
: Bank of America has started sending letters to thousands of homeowners in
: the United States, offering to forgive a portion of the principal balance on
: their mortgages by an average of $150,000 each.
: The reduction for qualifying homeowners could amount to monthly savings of
: up to 35 percent on mortgage payments, Bank of America said in a news
: release on Monday evening.
: The principal reduction offers from Bank of America Home Loans are the
: result of a $25 billion settlement agreement earlier this year with 49 state
: attorneys general as well as federal authorities who had been investigating
| j***a
发帖数: 10844 | 3 对这里的人没用啊。。。
第一条就是你欠的钱要比你房子的value高，这一点就把这里的人都打到了；
还要2个月没付钱，这里不会有吧？
没往下看。。。。
in
balance
on
savings of
state
【在 g*******n 的大作中提到】
: Bank of America Starts Mortgage Reduction Effort
: Bank of America has started sending letters to thousands of homeowners in
: the United States, offering to forgive a portion of the principal balance on
: their mortgages by an average of $150,000 each.
: The reduction for qualifying homeowners could amount to monthly savings of
: up to 35 percent on mortgage payments, Bank of America said in a news
: release on Monday evening.
: The principal reduction offers from Bank of America Home Loans are the
: result of a $25 billion settlement agreement earlier this year with 49 state
: attorneys general as well as federal authorities who had been investigating
| j***a
发帖数: 10844 | 4 没钱的人赚了！
再次证明钱只是浮云。。。。
【在 B*****g 的大作中提到】
: 求中文摘要
:
: on
: state
| g*******n
发帖数: 12458 | 5 这么简单的英语还要摘要？自己读，尤其是最后大家的评论。
【在 B*****g 的大作中提到】
: 求中文摘要
:
: on
: state
| g*******n
发帖数: 12458 | 6 是啊，我还正准备把我的mortgage改成10 year的，其实这种世道，欠钱的就是大爷。
【在 j***a 的大作中提到】
: 没钱的人赚了！
: 再次证明钱只是浮云。。。。
| g********0
发帖数: 15010 | 7 是呀，然后政府埋单。
【在 j***a 的大作中提到】
: 没钱的人赚了！
: 再次证明钱只是浮云。。。。
| B*****g
发帖数: 34098 | 8 你以后把浮云都留给我吧
【在 j***a 的大作中提到】
: 没钱的人赚了！
: 再次证明钱只是浮云。。。。
| j***a
发帖数: 10844 | 9 一个朋友家老大在读大学，老二今年上大学，我和他们说按他们的收入怎么这一年都可
以拿到政府的资助（grant）（因为两个孩子上学开销非常高，family contribution的
部分是fix的）。他们到最后才吞吞吐吐说他们拿不到因为他们把mortgage给付清了，
没有任何债务。负责的话是可以的。
【在 g*******n 的大作中提到】
: 是啊，我还正准备把我的mortgage改成10 year的，其实这种世道，欠钱的就是大爷。
| w*********s
发帖数: 8428 | 10 都是我们这种打工的来买单
【在 g********0 的大作中提到】
: 是呀，然后政府埋单。
| | | g********0
发帖数: 15010 | 11 是呀，存钱的为挣一个花两个的付房贷。
【在 w*********s 的大作中提到】
: 都是我们这种打工的来买单
| s***y
发帖数: 3299 | 12 This is more like a political show than really helping the economy. To some
degree, this action promotes the adverse effect of so called "strategical
defaulter", who can actually make the payment but choose not to, because all
of these foreclosure moratorium, loan modifications and now the BOA
mortgage reduction actions. | c*h
发帖数: 33018 | 13 去买房子。
【在 j***a 的大作中提到】
: 一个朋友家老大在读大学，老二今年上大学，我和他们说按他们的收入怎么这一年都可
: 以拿到政府的资助（grant）（因为两个孩子上学开销非常高，family contribution的
: 部分是fix的）。他们到最后才吞吞吐吐说他们拿不到因为他们把mortgage给付清了，
: 没有任何债务。负责的话是可以的。
| j***a
发帖数: 10844 | 14 too late。最后孩子放弃了CMU（家里倒是愿意出钱让他去上的），决定去马大了。也
没什么不好就是了。
【在 c*h 的大作中提到】
: 去买房子。
| x**n
发帖数: 12542 | 15 我们这有一家是把出租房付清，然后把自住房贷款额加大，这样就qualify了？
【在 j***a 的大作中提到】
: too late。最后孩子放弃了CMU（家里倒是愿意出钱让他去上的），决定去马大了。也
: 没什么不好就是了。
| j***a
发帖数: 10844 | 16 两个小mortgage和一个大mortgage应该一样吧？不过有租房估计也是negtive的。有个
公式算的，债务可以抵掉相当多的family contribution。他们家没债务，自己掏钱的
量就猛增。
【在 x**n 的大作中提到】
: 我们这有一家是把出租房付清，然后把自住房贷款额加大，这样就qualify了？
| g*******n
发帖数: 12458 | 17 两个孩子同时上大学，家庭收入多少可以拿到资助？
【在 j***a 的大作中提到】
: 一个朋友家老大在读大学，老二今年上大学，我和他们说按他们的收入怎么这一年都可
: 以拿到政府的资助（grant）（因为两个孩子上学开销非常高，family contribution的
: 部分是fix的）。他们到最后才吞吞吐吐说他们拿不到因为他们把mortgage给付清了，
: 没有任何债务。负责的话是可以的。
| s*****p
发帖数: 5342 | 18 那还是差不少滴. 教委直属的能和省属院校一样吗?
【在 j***a 的大作中提到】
: too late。最后孩子放弃了CMU（家里倒是愿意出钱让他去上的），决定去马大了。也
: 没什么不好就是了。
| s*****p
发帖数: 5342 | 19 教授头句话在理,后一句有点那个啥哈
【在 j***a 的大作中提到】
: 没钱的人赚了！
: 再次证明钱只是浮云。。。。
| s*****p
发帖数: 5342 | 20 放心吧,您怎么算都得挨一刀.上次谁说得,**家庭**收入低于7万5.您放得下这身段吗?
多挣理财才是王道.要能手里攒7-8栋房子,不信学费能涨到天上去...
【在 g*******n 的大作中提到】
: 两个孩子同时上大学，家庭收入多少可以拿到资助？
| | | g*******n
发帖数: 12458 | 21 我没身段，有什么放不下的。多挣也得有能力啊，手上攒7-8栋房子？如果每个才2万，
我还可以想想。跟你们地主没得比。
【在 s*****p 的大作中提到】
: 放心吧,您怎么算都得挨一刀.上次谁说得,**家庭**收入低于7万5.您放得下这身段吗?
: 多挣理财才是王道.要能手里攒7-8栋房子,不信学费能涨到天上去...
| s*****p
发帖数: 5342 | 22 我是瞧前辈们这末干的,再说也没让你一下买呀.
有什么放不下的...说是容易,做起来怕是...
【在 g*******n 的大作中提到】
: 我没身段，有什么放不下的。多挣也得有能力啊，手上攒7-8栋房子？如果每个才2万，
: 我还可以想想。跟你们地主没得比。
| j***a
发帖数: 10844 | |
|
