Video: Do modified mortgages really work?

Jun 21, 2012 | Posted by: roboblogger | Full story: CBS News

A study by credit reporting company TransUnion looked at more than 500,000 modified mortgages.

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1 - 20 of 28 Comments Last updated Jun 25, 2012
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Since: Nov 08

Location hidden

#1 Jun 21, 2012
Barney Frank should have never stuck his big, ugly, greasy, greedy, dirty, nose into the mortgage business. It is he who spearheaded the loose money that destroyed our economy and hurt millions of people around the world. All those who side with Barney should be ignored and hated as he should be for all time.
Giggs

West Des Moines, IA

#2 Jun 21, 2012
Eighthman wrote:
Barney Frank should have never stuck his big, ugly, greasy, greedy, dirty, nose into the mortgage business. It is he who spearheaded the loose money that destroyed our economy and hurt millions of people around the world. All those who side with Barney should be ignored and hated as he should be for all time.
Cuckoo

Since: Nov 08

Location hidden

#3 Jun 21, 2012
Giggs wrote:
<quoted text>
Cuckoo
That's very thought provoking.
You must have been good at name calling in school. You must be very proud. However, I understand due to the lousy public union school teachers, you are probably 25th in the world in name calling and profanity. Isn't that something?
Tea Party Patriot

Chocowinity, NC

#4 Jun 22, 2012
Giggs wrote:
<quoted text>
Cuckoo
If you're unable to make an intelligent contribution why not just stay silent?
Tea Party Patriot

Chocowinity, NC

#5 Jun 22, 2012
Millions of people that have had their house taken away can testify to the ineptness of Obama's Foreclosure policy where he helps his bankster crooks take even more of your money.
liza

Bridgeport, WV

#6 Jun 22, 2012
JUST go try to get this.....Thats all we ask.
Run your mouth and see how long and hard you
will see that go and work. Just got to believe!!
Ha, hee, ha! They don't take food stamps

Since: Nov 08

Location hidden

#7 Jun 22, 2012
We saw what happened when Barney Frank and Obama modified mortgages.
fatbacks x

Portland, OR

#8 Jun 22, 2012
Buying or owning anything in this ass backwards run country is a shell game with no pea.

“Truth to Power!”

Since: Apr 07

United States

#9 Jun 22, 2012

Obama is President DOWNGRADE.




Everything Obama touches turns to sh*t.


Obama Borrowed TRILLIONS for his Bankster Budies so that they could FORECLOSE on your arse! What a JACKASS! What FILTH!

RT Pipe

Belle Vernon, PA

#10 Jun 22, 2012
The laughing liberal wrote:
Obama is President DOWNGRADE.
Everything Obama touches turns to sh*t.
Obama Borrowed TRILLIONS for his Bankster Budies so that they could FORECLOSE on your arse! What a JACKASS! What FILTH!
All of these banks got bailed out not only by the useless BHO admin but insurance companies that cover these loans paid out also. Anyone who has a mortgage with any of these bailed out banks should own their home free and clear. The banks are getting paid 3 times minimum for the same so called loan which is not a loan to begin with. Chase loses Billions and gets a pat on the back, WTF?
RT Pipe

Belle Vernon, PA

#11 Jun 22, 2012
Eighthman wrote:
Barney Frank should have never stuck his big, ugly, greasy, greedy, dirty, nose into the mortgage business. It is he who spearheaded the loose money that destroyed our economy and hurt millions of people around the world. All those who side with Barney should be ignored and hated as he should be for all time.
How much of the TARP money did Barney get?
Giggs

Des Moines, IA

#12 Jun 22, 2012
Eighthman wrote:
<quoted text>That's very thought provoking.
You must have been good at name calling in school. You must be very proud. However, I understand due to the lousy public union school teachers, you are probably 25th in the world in name calling and profanity. Isn't that something?
Oh stop clutching your pearls, un-twist your panties and get up off the fainting couch. It is always rich to see some of you Righties here on Topix get so offended - OFFENDED, I SAY!- by supposed name-calling considering the vitriol many you of spew and the vile insults that are hurtled at people you disagree with.

To be clear, I was not calling you cuckoo, but rather, I was calling your unhinged rant - where you blame the entire financial market meltdown/mortgage crisis/global economic recession on a single US Congressman (who just so happens, conveniently, to be one of the Right's favorite bogeymen) by way of unfounded conjecture and crazy conspiracy theories - cuckoo. It is actually beyond cuckoo, but I don't want to hurt your poor little feelings anymore than I already have, babydoll.
Giggs

Des Moines, IA

#13 Jun 22, 2012
Tea Party Patriot wrote:
<quoted text>
If you're unable to make an intelligent contribution why not just stay silent?
If this was the standard then there wouldn't be many Righties posting here on Topix. Nor would we have The Rush Limbaugh Show, The Sean Hannity Show...you get the point. Not to mention, FoxNews would only be able to broadcast for an hour a day...tops.

Thanks for the advice, daddy.
Giggs

Des Moines, IA

#14 Jun 22, 2012
Tea Party Patriot wrote:
Millions of people that have had their house taken away can testify to the ineptness of Obama's Foreclosure policy where he helps his bankster crooks take even more of your money.
Didn't follow your own advice from Post #4, I see.

Since: Nov 08

Location hidden

#15 Jun 22, 2012
Giggs wrote:
<quoted text>
Oh stop clutching your pearls, un-twist your panties and get up off the fainting couch. It is always rich to see some of you Righties here on Topix get so offended - OFFENDED, I SAY!- by supposed name-calling considering the vitriol many you of spew and the vile insults that are hurtled at people you disagree with.
To be clear, I was not calling you cuckoo, but rather, I was calling your unhinged rant - where you blame the entire financial market meltdown/mortgage crisis/global economic recession on a single US Congressman (who just so happens, conveniently, to be one of the Right's favorite bogeymen) by way of unfounded conjecture and crazy conspiracy theories - cuckoo. It is actually beyond cuckoo, but I don't want to hurt your poor little feelings anymore than I already have, babydoll.
Cuckoo
Giggs

West Des Moines, IA

#16 Jun 22, 2012
Eighthman wrote:
<quoted text>Cuckoo
See posts #3 and #4
Telmark

United States

#17 Jun 22, 2012
You'd better have a low, or moderate, DTI ratio before you even think about a mortgage mod.

Otherwise (like the article states), you run the risk of falling behind again.

Obtaining a modified mortgage is not a cure-all for an excessive spending-to-income ratio.

But hey, the vague (and often misleading) phrase "modified mortgage" sure sounds wonderful now doesn't it?

Sadly, many of those who previously liked the terms "subprime" and "HELOC" now hope that a "modified mortgage" will change their financial status for the better.

Since: Nov 08

Location hidden

#19 Jun 22, 2012
Giggs wrote:
<quoted text>
See posts #3 and #4
Cuckoo

Since: Nov 08

Location hidden

#20 Jun 22, 2012
Lets' face it. What Barney Frank did to the mortgage business and how he caused the destruction of the building business and the bankruptcy of countless thousands of contractors will be studied for years to come. Right next to the chapter on Hitler.

“i hope we can change this!”

Since: Aug 08

usa

#21 Jun 22, 2012
Giggs wrote:
<quoted text>
If this was the standard then there wouldn't be many Righties posting here on Topix. Nor would we have The Rush Limbaugh Show, The Sean Hannity Show...you get the point. Not to mention, FoxNews would only be able to broadcast for an hour a day...tops.
Thanks for the advice, daddy.
so...let us know when YOU'RE going to post something intelligent...

it's okay...we'll wait.

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