Comments on: Who will qualify for the new FHA short refi program, aka a “HOPE loan”? http://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/ Helping American Homeowners Obtain Mortgage Relief Tue, 31 Jan 2012 06:46:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mr. Idaho http://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/comment-page-1/#comment-25979 Mr. Idaho Tue, 09 Nov 2010 01:35:06 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-25979 The banks will take it because of their new "to big to fail" status. It is interesting that a "moral" judgment can be levied at the notion of a loss...what is an honest profit margin? Did anyone ever hear of a bank being "to big for success"? Does anyone know where I can purchase a credit default swap for my trip to Vegas? The banks will take it because of their new “to big to fail” status. It is interesting that a “moral” judgment can be levied at the notion of a loss…what is an honest profit margin? Did anyone ever hear of a bank being “to big for success”? Does anyone know where I can purchase a credit default swap for my trip to Vegas?

]]> By: Indy Mac http://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/comment-page-1/#comment-23769 Indy Mac Tue, 10 Aug 2010 04:53:30 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23769 Why would the first loan holder agree to losing 10% of the value?.. In most cases if the home is underwater, the first loan holders will get paid first thus reducing their liability to any losses in a foreclosure. It is the second line holder that is the one that may lose it all. Why would the first loan holder agree to losing 10% of the value?.. In most cases if the home is underwater, the first loan holders will get paid first thus reducing their liability to any losses in a foreclosure. It is the second line holder that is the one that may lose it all.

]]> By: Mr. Utah http://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/comment-page-1/#comment-23722 Mr. Utah Fri, 06 Aug 2010 22:36:05 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23722 The Short Sale Refinance Program seems ridiculous to me. Like many of the other, government housing stabilization programs, I don't think it can work. Of course everybody who is underwater will want to try and take advantage of it, but why would the banks who currently hold their notes want to approve a transaction that is going to bring them such a hefty loss? The Short Sale Refinance Program seems ridiculous to me. Like many of the other, government housing stabilization programs, I don’t think it can work.

Of course everybody who is underwater will want to try and take advantage of it, but why would the banks who currently hold their notes want to approve a transaction that is going to bring them such a hefty loss?

]]>