If a mortgage payment is missed, the bailout should immediately be voided for

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Mar 28, 2020
3:06:28pm

Misteak Intervention Needed

If a mortgage payment is missed, the bailout should immediately be voided for

that person or company.

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Misteak

Previous username: CougarFella
Bio page: Misteak
Joined: Sep 2, 2017
Last login: Sep 28, 2021
Total posts: 16,966 (219 FO)

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Messages

Author

Time

There is a wave a missed mortgage payments coming and it could get really ugly

RexIdaCoug

3/28/20 12:51pm

I would bet on the Fed to step in. Massive bank failures not an option.

grosven

3/28/20 12:54pm

Fed will step in

3/28/20 12:55pm

What does that mean for interest rates?

Ryan M

3/28/20 1:07pm

Almost nothing imo

RexIdaCoug

3/28/20 1:32pm

Probably nothing--they are at 0. But expect a larger Balance Sheet > $5 Trillion

grosven

3/28/20 1:33pm

I think he was asking about mortgage interest rates

RexIdaCoug

3/28/20 1:37pm

Well, I think it's the same. Mortgage rates will be adjusted for risk.

grosven

3/28/20 1:47pm

I agree

RexIdaCoug

3/28/20 2:02pm

I don’t have time to read but doesn’t the CARE bill

kotacoug

3/28/20 1:26pm

Generally no.

RexIdaCoug

3/28/20 1:32pm

If a mortgage payment is missed, the bailout should immediately be voided for

Misteak

3/28/20 3:06pm

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