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Banks Told To Review Their Own Foreclosures

Banks Told To Review Their Own Foreclosures

countdown_to_facebook_ipo | Feb 13, 2013 08:30 AM ET Sharks being asked to report on other sharks. Priceless.

PINKFLOYD1 | Feb 13, 2013 08:34 AM ET The banks will get out of all this again. What do we expect. We let them.

ckoffend | Feb 13, 2013 08:45 AM ET Is an aggrieved homeowner a homeowner that does not pay his/her bills? It seems pretty simple to me. Borrow money, promise to pay it back at a specified amount over a specified period of time on a specified frequency. Not too complicated. Either you pay or you don`t pay. If you don`t pay, you are in default and can and should be foreclosed upon. Now, if the banks are smart and they feel the best solution is to work with the borrower to temporarily reduce their monthly payments, or suspend principle payments (only collecting interest) or some other arrangement, that is fine. They should not be mandated to do so. Of course the idea of personal responsibility no longer fits into the American way or belief system for a large percentage of the population. Perhaps that is ou

ckoffend | Feb 13, 2013 08:50 AM ET Banks foreclosing should be predicated on one thing - is the borrower paying back the money they owe in conjunction with the contract they signed? Simple, Yes or No. If no, the requirement to foreclose is cut and dry. Why does the government feel delinquent, non-paying borrowers who get foreclosed upon after they have defaulted on their agreement should be awarded penalties from the lender? This is totally contrary to how our government works. The IRS for example can audit me and instead of proving I did anything wrong, they can simply say prove everything I did was right. They can then issue huge fines and penalties to me with providing no proof on their own. This process seems much more egregious and punitive than anything the banks have done to people that have refused to pay the

duck33 | Feb 13, 2013 08:54 AM ET Mr President I will forgo any financial relief and exchange it with rule of law relief. Incarcerating the financial terrorist banker at the federal reserve will go a lot farther to restoring justice than giving those of us in society who can not manage their finances a reprieve.

SDedalus | Feb 13, 2013 10:02 AM ET We now live in the United Snakes of America. The snakes of course are the alliance of big business and big government.

JackMeahoph | Feb 27, 2013 06:27 AM ET Yes it is the United Snakes & the snakes have nicely divided the population & kept them divided with topics like abortion, guns, marriage equality. The snakes could care less about the outcomes other than they`d like to see these *is*ing matches go into overtime, because it takes the spotlight off their digging into & sucking the blood out of what`s left of the wealth in this country. When the bleeding is stopped, it will only mean there is no more blood. It`s funny to read some defend them. Those folks are like the sheep that don`t run from wolves. Makes them a ready dessert for the wolves when they`ve hunted down the rest.






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Real Estate Is in a `Goldilocks Period`: Sternlicht - ckoffend | Jan 29, 2013 09:26 AM ET beachbum, you have been saying sell the banks for about as long as I can remember. Obviously you missed that one, the banks have been a great investment over the p... - by Broker752

US Mortgage Applications Fall as Refi Demand Drops - giofls | Jan 30, 2013 07:54 AM ET Mortgage apps down on just a small increase in interest rates, which are still close to modern era lows? Not a good sign for the economy, and more reason the Fed nee... - by VWpmm

most newly originated Agency mortgages are underwritten - scottm1207 | Dec 26, 2012 10:14 AM ET And the Gubmint keeps trying to interfere with perfectly good markets to make the unreal, real. Keep blasting money out there on borrowed time and false promi... - by Acc455

people borrow more when buying a house - annchovie01 | Feb 28, 2013 04:32 PM ET jswanstr, that`s at todays interest rates. Many of us who have played by the rules and paid our mortgages even as our homes have gone underwater have been unabl... - by Cosol785

Modest US Growth in 2013, Housing Recovery to Continue: NABE - We.are.being.played | Dec 17, 2012 09:10 AM ET Well - you may be calling for sunny weather - BUT - I don`t buy it (literally). Given the large Sheeple population, that are breeding with the Lemmings,... - by Force_R



Banks Told To Review Their Own Foreclosures

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