Fed explores mortgage rates at workshop

Fed explores mortgage rates at workshop


Mortgage rates? Once again from the tales from being in complete denial. This is becoming so fucking frustrating. The problem homeowners are facing is under-fucking-water mortgages. Homeowners need principle reduction. It doesn't get any simpler than that.

The fucking banks still collect regardless if principle is reduced to market values. This shit is beyond maddening. If your house isn't worth what you are paying now, what is so fucking hard about bringing the fucking value down to what it's really worth? The banks will not lose a fucking dime if these jack-holes reduced principle.

Here's a kick straight in the ass. On the Fannie Mae website, they have a process to see if you "Qualify" for principle reduction. You find out that you do, call, and they tell you "They Don't Do Principle Reduction". Ain't that a bitch?

There are petitions out there calling for principle reduction. I've signed God knows how many, like millions of people. If that Bush era holdover doesn't address this issue, he should be replaced with someone that would. It doesn't get any simpler than that.