Homeowner Affordability and Stability Plan

dave_donhoffMarch 4, 2009

Homeowner Affordability and Stability Plan

Homeowner Affordability and Stability Plan (Fact Sheet)

[Homeowner Affordability and Stability Plan (Exec Summary)

](http://ths.gardenweb.com/www.treas.gov/initiatives/eesa/homeowner-affordability-plan/ExecutiveSummary.pdf)

OK... this just chafes & worries me significantly. Pretty much the whole thing is becoming a direct cash-drip to the banking industry (not even into the actual consumer market...) and NOT any kind of fundamental shift in the legal or regulatory basis of the underlying markets themselves.

The banking industry is going to distort dramatically... and pretty much guaranteed NOT toward balance & stability. Unintended consequences will abound. I can already "hear" hedge fund schemers wringing their hands at the opportunity cracks being created by these interventions... and when we have another "retirement account blowup" due to the collapsing of these 'investment' schemes, fingers will point at "the free markets" when this is all being created artificially and unecessarily.

FURTHER... while the language used vilifies "speculators and flippers"... this completely ignores the backstopping FUNDAMENTAL INVESTORS that buy & hold for honest market values & revenues. This "plan" is feeding cash to the wrong party (the banks) to protect the wrong beneficiary (the owner who needs to revert to renter) and ignoring the ONE "saving player" (the fundamental buyer.)

This looks like trouble.

Dave Donhoff

Leverage Planner

Thank you for reporting this comment. Undo
mariend

Sorry, could not get into either sheet etc. But speaking from my viewpoint only, I would expect banks to stop lending to people who cannot afford it, stop expecting us (taxpayers) to bail them out, stop selling the loans 20 times over again so no one knows who really owns my loan, better customer service withing the branches, so I do not have to call people who only know what they have been told to answer of the sheet of questions in front of them, speak English, are in this country, and start treating people like we really do know what we are talking about.
Been retired from the banking system, where we knew our customers, could talk to them and could help them out, not just give them a toll free number.

    Bookmark   March 4, 2009 at 4:20PM
Thank you for reporting this comment. Undo
dave_donhoff

OKAY... let's try this again, and I'll include the raw URL also;

Homeowner Affordability and Stability Plan - Fact Sheet
http://www.treas.gov/initiatives/eesa/homeowner-affordability-plan/FactSheet.pdf
Homeowner Affordability and Stability Plan - Fact Sheet

Homeowner Affordability and Stability Plan - Exec Summary
http://www.treas.gov/initiatives/eesa/homeowner-affordability-plan/ExecutiveSummary.pdf
Homeowner Affordability and Stability Plan - Exec Summary

    Bookmark   March 4, 2009 at 5:19PM
Thank you for reporting this comment. Undo
dave_donhoff

Here's a fun bumpersticker;

Here is a link that might be useful:

    Bookmark   March 4, 2009 at 6:23PM
Sign Up to comment
More Discussions
trying to buy worried about appraisals
I looked at a house, liked it an made an offer. The...
neobuyer
Lady Realtor coming to house at 6:30pm and its dark outside?
I was looking up homes for sale around me on trulia...
tlbean2004
Realtor company fee
Buyer agent told me there is $300 fee to realtor company....
net42k
Getting house ready to sell and have door knob question.
My house is going on 11 yrs old. Everything is pretty...
padillasideas
Best time to List a House
Is there a best time to list a house for sale? We have...
hayden2
© 2015 Houzz Inc. Houzz® The new way to design your home™