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Thursday, January 14, 2010

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I have to add here in this blog that I love playing piano, is some of the things for which I die and I dedicate my life, my piano teacher has nearly 30 years in the management of this instrument, thank you for this contribution and here you leave my comment ...

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Nowadays loud sounds like drums are prevalent in today's music. However, the soft sounds where the strings are dominant, and did not go out of style, the type of sound is just lovely for the effect of, relaxation, rather than disrupt the body as a bustling music.

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The post was awesome and very informative. Thanks for sharing this one. More Loan Modification imbalances!!

elkathy

Most of the securizations (SPVs/REMICs) have been dissolved with distressed mortgages sold to distressed debt buyers for, sometimes, pennies on the dollar. This year, the former SPVs and REMICs will be consolidated backed onto the security underwriter (Bank) balance sheet. Thus, the securitized mortgages, as they once stood, no longer exist.

Therefore,it is not the fact the loan is (was) securitized that causes modifications with debt increases, it is the investors (distressed debt buyers) that are refusing to divulge themselves and refusing to grant meaningful modifications with principal reduction if necessary. These debt buyers are making large profits at the expense of unknowing (and victim) home owners.

Note - I am not personally in foreclosure.

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Loan Modifications with Securitized Mortgages a major issue!

Kevin_Benjamin

More Loan Modification imbalances!!

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