Hier Details des "voluntary" bailout Plans (mT)

DT , Donnerstag, 06.12.2007, 14:21 (vor 6601 Tagen) @ DT

Das ganze soll wohl so aussehen, als hätte Bush was gemacht. Die Tatsache, daß das ganze voluntary für die lender ist, zeigt schon, was für eine Augenwischerei das ist. Kein Wunder, daß die ABX wieder fallen.

Die TOMOs sind heute übrigens schon wieder für 3.xx % (Treasury backed) vergeben worden. Allerdings nicht so hohe Volumina, trotz 14 Tagen Laufzeit, was mich überrascht hat.

Hier die Details:

* Mortgage had to be issued between January 2005 and July 2007

* ARM must reset January 2008 to July 2010

* You must not have more than 3% equity in your home (what? are you f*cking kidding me? if you put money down you're f*cked!)

* Home must be worth more than the mortgage (ha ha ha ha ha!!!!)

* You must have income (i.e. sorry realtors and Casey Serin)

* You must prove that you can make the payments

* You must not be more than 60 days past due

* Program is voluntary with the lenders - government has no authority or legal status

Gruß DT