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View Diary: Can a Small California City Take on Wall Street - And Survive? (298 comments)

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  •  Mmm hmm (1+ / 0-)
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    nextstep

    How, exactly?

    If you're referring to mortgage-backed-security problems, that has nothing to do with homeowners themselves and has to do with banks' relationships with other financial institutions.

    For 99.9% of homeowners, if you pay your mortgage on time and as agreed, you have zero problems with your bank or servicer (yes, accidental foreclosures on incorrect properties have occurred, but they are the exception).

    So how is this state of affairs not acting in good faith? The homeowner signs an agreement on the dotted line to pay the loan back. If they pay it as agreed, they don't have problems with the bank. What's the problem exactly?

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Sep 15, 2013 at 07:14:30 PM PDT

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