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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
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1932
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Sun Dec-16-07 09:10 AM Original message |
Conventional Wisdom: Banks don't want to foreclose. Really? |
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baldguy
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Sun Dec-16-07 09:20 AM Response to Original message |
1. And if they don't make money on a loan, they sell it off to a finance company. |
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1932
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Sun Dec-16-07 09:23 AM Response to Reply #1 |
2. Yeah, that's a good point. They're making money off of packaging the loans and selling them. |
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whistle
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Sun Dec-16-07 09:24 AM Response to Original message |
3. Who says that, Bush? The large banks potentially could foreclose on a third of all |
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1932
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Sun Dec-16-07 09:29 AM Response to Reply #3 |
5. The only thing stopping them is that they do need to keep property values as high as possible |
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LiberalFighter
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Sun Dec-16-07 09:26 AM Response to Original message |
4. Seems to me that banks should be required to maintain all loans that they set up. |
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whistle
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Sun Dec-16-07 08:19 PM Response to Reply #4 |
12. Somehow it does not make sense to me that a bank will never consider |
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0007
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Sun Dec-16-07 09:30 AM Response to Original message |
6. Financial Institutions are like blood thirsty vultures. |
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ThomWV
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Sun Dec-16-07 09:30 AM Response to Original message |
7. I don't think so. |
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1932
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Sun Dec-16-07 09:32 AM Response to Reply #7 |
8. I'll show you that when +50% of all mortgage are in foreclosure. Right now it's at record high of |
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gratuitous
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Sun Dec-16-07 10:32 AM Response to Original message |
9. They don't mind foreclosing from time to time |
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slackmaster
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Sun Dec-16-07 11:03 AM Response to Original message |
10. Real estate loan investors are taking it in the shorts now due to falling market values |
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Gman
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Sun Dec-16-07 12:52 PM Response to Original message |
11. No. The banks and/or investors want and need the cash flow from the loans |
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backscatter712
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Sun Dec-16-07 09:01 PM Response to Original message |
13. Foreclosure is bad for business. |
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