tag:blogger.com,1999:blog-1750154945043557348.post6395431737793365685..comments2023-08-28T02:45:45.700-07:00Comments on The Guerilla Post: Freddie Mac Executive Lectures Underwater Homeowners About Morality. Really.Pete Muldoonhttp://www.blogger.com/profile/03401840945694159288noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1750154945043557348.post-77932993249653110312010-05-14T09:36:54.313-07:002010-05-14T09:36:54.313-07:00Great post! Its nice to read something written by ...Great post! Its nice to read something written by someone who understands this whole disaster and doesnt buy into the bankers b.s. Im 200k underwater on a 350k house myself (no second taken out either), and US Bank tells me I need to wait unil "fall" until the new "hamp enhancments" go into effect to see if there will be any principal reductions. My guess is there wont be. If not then were walking away. Also how come wall st can go to congress on the weekend and get a bailout done, but the tax payers have to wait 2 year, then in march get a hint of principal redutions from obama, but still have to wait until the fall for any details!? Total bullshit! Also for your strategic default examples dont forget out the Mortgage Bankers Assosication, who just recently decided that paying on thier, new, underwater building wouldnt be "financialy prudent"..Ironic! <br />http://online.wsj.com/article/SB10001424052748704829704575049111428912890.htmlCASnoreply@blogger.com