Post by CMF Newsman on Jan 10, 2012 12:07:43 GMT -5
Addressing members of the Greater Nashville Association of Realtors today, U.S. Senator Bob Corker, R-Tenn., discussed his proposal for long-term housing reform and sharply criticized recent comments by New York Federal Reserve President William Dudley who has advocated using Fannie Mae and Freddie Mac to write down the principal on home loans where the borrower owes more than the home is worth.
“Reducing the principal on home loans for borrowers who put no money down amounts to a massive wealth transfer from places like Tennessee, where most homeowners have borrowed responsibly, to places like California and New York, where exotic mortgages were widely used to finance a speculative housing boom,” Corker said.
“It is absolutely egregious that the Federal Reserve would insert itself in this manner and ask people in Tennessee who played by the rules to bail out reckless borrowers in other parts of the country. A program like this one that reduces principal for a few million underwater borrowers would come at a substantial cost to American taxpayers and responsible borrowers everywhere.”
Post by pamelaanderson45 on Nov 28, 2016 23:58:05 GMT -5
Bail Bonds are provided as surety loans that can vary in requirements for an initial payment - Bail Bonding percentage rates can vary depending on the gross amount of the required bail payment. Upon the repayment of bail to the arrestee who has appeared at their hearing, the bail payment is then transferred to the Bail Bonding institution