Replies to post #4709 on Freddie Mac-No Politics (FMCC)

[jermart]

I dont think people understand only 5% of motgages are in trouble.If something not done a lot more. If I bought a house for 150 thousand And I can still make my payments. But now its only worth 100 thousand why stay walk away quit making payments for something that keeps losing me money.

[RobbinGood]

well that may be true, but the company who gave them the mortgage knew all too well that the person could not make the payments and therefore the mortgage guys, banks and the rest are mostly at fault imo

[currentplay]

Baloney.. They inflated property values.. They did whatever it took to pass a loan... Take the time to research what the real truth is.. Loans were approved even though the ones knew for a fact they would not be able to pay back the loan based on their income... It was a system run by mobsters who took home millions in bonuses while inflating home values fraudulently. The markets and how they were regulated is a whole other bag of worms.. They have been caught and every door they try to open to fix this ends up being locked.. The ones they were protecting all these years they are now told to cover and stop shorting but its a temporary law.. Like I said they have no where to turn every door is locked.. Just want to see this country taken back by the people who made it great and it is not those who are running it... There are a good few people in power but many snakes among them.. Enough said... Turning in good luck to all