<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:10pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">The banks should not have been given the money. The homeowners should have been given the loans at a <SPAN style="RIGHT: auto" id=misspell-0><SPAN>renegotiated</SPAN></SPAN> rate to pay the mortgages at a lesser return<VAR id=yui-ie-cursor></VAR>. If the government gives the money to the banks, banks just take it and the homes, and kick out the home dwellers. It is the banks own fault, they took the risk on the loans for a huge quick short term profit, and were fully aware they would not get the money back from the people they duped into taking it. </SPAN></div>
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<div style="RIGHT: auto"><SPAN style="RIGHT: auto">It seems odd that we now have a bunch of homes sitting empty, and at the same time a bunch of people that need homes. Only the government could create the problem of too many homes and too many homeless at the same time. </SPAN></div>
<div style="RIGHT: auto"><SPAN style="RIGHT: auto"></SPAN> </div>
<div style="RIGHT: auto"><SPAN style="RIGHT: auto">Donovan Arnold</SPAN></div>
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<DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=hr contentEditable=false readonly="true"></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Moscow Cares <moscowcares@moscow.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Art Deco <art.deco.studios@gmail.com> <BR><B><SPAN style="FONT-WEIGHT: bold">Cc:</SPAN></B> "vision2020@moscow.com" <vision2020@moscow.com> <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Wednesday, March 28, 2012 10:49 AM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [Vision2020] Aren't Banks & Partners Wonderful!<BR></FONT></DIV><BR>
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<DIV><IMG id=yiv13730914160BC1C3C9-E807-4F92-BE46-E62D7FC325F9 alt=image.jpeg src="cid:1.3114464635@web162906.mail.bf1.yahoo.com" width=388 height=309><BR><BR>
<DIV><SPAN id=misspell-2 class=mark>Seeya</SPAN> round town, Moscow.</DIV>
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<DIV>Tom Hansen</DIV>
<DIV>Moscow, Idaho</DIV>
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<DIV>"If not us, who?</DIV>
<DIV>If not now, when?"</DIV>
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<DIV>- Unknown</DIV>
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<DIV><BR>On Mar 28, 2012, at 9:45, Art Deco <<A href="mailto:art.deco.studios@gmail.com" rel=nofollow target=_blank ymailto="mailto:art.deco.studios@gmail.com">art.deco.studios@gmail.com</A>> wrote:<BR><BR></DIV>
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<H1><A href="http://money.cnn.com/galleries/2012/real_estate/1203/gallery.mortgage-settlement/index.html" rel=nofollow target=_blank>The $26 billion <SPAN id=misspell-3 class=mark>crapshoot</SPAN></A></H1>
<H2>The foreclosure settlement looks like a hit-or-miss game that leaves millions of homeowners out in the cold. </H2></DIV>
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<DIV class=yiv1373091416slidehed>A roll of the dice</DIV>
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<DIV class=yiv1373091416label>1 of 6</DIV></DIV></DIV>
<DIV style="WIDTH: 340px" class=yiv1373091416slideimg><IMG alt="A roll of the dice" src="http://i2.cdn.turner.com/money/galleries/2012/real_estate/1203/gallery.mortgage-settlement/images/bank-settlement.jpg" width=340 height=256></DIV><BR>Homeowners hoping the $26 billion foreclosure abuse settlement would mean big savings on their mortgages were mostly disappointed. Even though a million borrowers will have their principals slashed by as much as $100,000 or more, most are not eligible for a workout simply because the bank that <I>issued</I> their mortgages, didn't <I>hold</I> their mortgages.<BR><BR>During the housing boom years of the early 2000s through 2007, about 20% of loans went into the bank's own portfolios. The rest were sold off, either to Fannie Mae or Freddie Mac or to investors.<BR><BR><B style="COLOR: rgb(255,0,0)">Only loans held by the banks and some of their investors will be modified. The rest of the borrowers will be left out in the
cold.</B><BR><BR>"It's not as long a shot as winning the lottery but there's a lot of chance involved," said Guy <SPAN id=misspell-4 class=mark>Cecala</SPAN> of Inside Mortgage Finance.<BR><BR>The Department of Housing and Urban Development, which helped negotiate the settlement, recognizes that it left out many homeowners. <BR><BR>"From the outset we have been very clear that the settlement is not intended to solve or resolve all the issues related to the housing crisis," HUD spokesman Derrick <SPAN id=misspell-5 class=mark>Plummer</SPAN> said earlier this month. "It's just one step in a host of efforts the Obama Administration is taking to help the housing market recover.<BR>-- <BR>Art Deco (Wayne A. Fox)<BR><A href="mailto:art.deco.studios@gmail.com" rel=nofollow target=_blank ymailto="mailto:art.deco.studios@gmail.com"><A href="mailto:art.deco.studios@gmail.com" rel=nofollow target=_blank
ymailto="mailto:art.deco.studios@gmail.com">art.deco.studios@gmail.com</A></A><BR></DIV></BLOCKQUOTE>
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