Consumer Perception – Mortgage Freeze

By Benn Rosales on December 13, 2007 | 1 Response

Here’s my Thursday WTF…

You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take on the so-called mortgage freeze…

The Indentured

I don’t consider the homeowners who keep their homes in this plan to be winners. Sure, they get to keep their home, but many of them are so financially stretched

(this is most telling…)

The Angry

I would count myself amongst “The Angry” because I think the plan is unfair to most consumers and Americans in general. I don’t own a home, but I know many people who took out reasonable fixed rate loans at higher rates than these subprime borrowers, only to see irresponsible behavior rewarded.

I’m sorry I missed this one (I hope she’ll forgive me)- I am miles behind on my feeder! You guys, if you’re not reading this witty and intelligent blogger (who is not an agent) you’re really missing out.

Posted in Mortgage, Real Estate, Thursday WTF

Benn Rosales

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Founder of Agent Genius Magazine, national real estate opinion site. Benn's focus has always been improving the consumer experience by working to improve the real estate industry, so needless to say he's not scared of controversy, standing out or making an impact. He dreams of a life where sleep isn't physically necessary and a Starbucks barista makes house calls in order to focus more on helping you and your startup to capture and build on the moment.

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One Comment

Shailes Ghimire

December 14, 2007 at 10:15 am | Permalink | Reply

I’m not sure there is a whole lot to be angry about. Helping out a few average folks to keep their home may send the wrong message. However, this society sends plenty or wrong signals. A $150 million payout to a CEO who lost $2billion a quarter for a bank on bad home loan transactions probably sends a worse signal than helping out a few strapped Americans who made some poor choices.