re: HOPE NOW Reports Record Workouts in October

Adam — Wed, 03 Dec 2008 21:34:23 GMT

Agree JJ. These numbers are bs, just like the all the other numbers always reported in our current industry. Hope Now is eluding the American people and making their homes actually the governments home. They tack their fee onto the home and keep half the home once sold. The same process can be achieved through private companies in the loan modification field. Thus without having to give up half your home also and making the government treat you as their personal slave. You could even hand over your keys to your current home and buy a new home two years from now, with no ties to the government. This HOPE is not the same HOPE Obama is talking about I HOPE. Plain and simply put, this program is screwing the American people for the government to benefit and make believe they are helping the American society.

re: HOPE NOW Reports Record Workouts in October

JJ Meis — Wed, 03 Dec 2008 19:18:58 GMT

Hope Now is a joke. It started out as a shiny, pretty bit of marketing to distract the public from the fact that lenders weren't stepping up to the plate and being proactive. It's had no muscle and it should have included the FDIC as a partner to force/regulate the participants into REAL ACTION. We're in a situation where the public's interest actually intersects/coincides with the Bank's, but the banks/lenders are so constipated that they've refused to get out ahead of all this and actually do something substantive. We're not going to see the lenders do their part to get us out of this through mortgage activity of one type or another until there is a standardized program that their REQUIRED to participate in.