Comments on: NEW LOAN PROGRAMS!! REALLY! http://thechrisjonesgroup.com/chrisjonesmortgage/2009/05/19/new-loan-programs-really/ Mon, 23 Apr 2012 06:11:15 +0000 hourly 1 http://wordpress.org/?v= By: Tyler http://thechrisjonesgroup.com/chrisjonesmortgage/2009/05/19/new-loan-programs-really/#comment-2486 Tyler Mon, 08 Jun 2009 12:47:38 +0000 http://thechrisjonesgroup.com/chrisjonesmortgage/?p=677#comment-2486 There is obviously a lot to know about foreclosure. I think you made some good points in Features also. There is obviously a lot to know about foreclosure. I think you made some good points in Features also.

]]> By: chrisjones http://thechrisjonesgroup.com/chrisjonesmortgage/2009/05/19/new-loan-programs-really/#comment-2419 chrisjones Tue, 19 May 2009 21:35:41 +0000 http://thechrisjonesgroup.com/chrisjonesmortgage/?p=677#comment-2419 Paul Valenzuela wrote: > This is not sarcastic or cynical (OK maybe a little cynical) but a serious question. When do I need to hold back on a few payments to qualify for my chance at the 2% government teat? CJ Responds: You need to do a bit more than that. There needs to be a few things - missing a payment here and there, paying late in the month, an adjustable rate (a critical factor), or a significant life event (job loss, divorce, what have you) for you to qualify. This deal is driven by, but not precisely authored by, the Feds. These are private contractual arrangements that lenders are making, although they are "incentivized" by Uncle Sam. Mostly with pressure, not with money, although there is a little bit of that, too. Paul Valenzuela wrote:
> This is not sarcastic or cynical (OK maybe a little cynical) but a serious question. When do I need to hold back on a few payments to qualify for my chance at the 2% government teat?

CJ Responds: You need to do a bit more than that. There needs to be a few things – missing a payment here and there, paying late in the month, an adjustable rate (a critical factor), or a significant life event (job loss, divorce, what have you) for you to qualify.

This deal is driven by, but not precisely authored by, the Feds. These are private contractual arrangements that lenders are making, although they are “incentivized” by Uncle Sam. Mostly with pressure, not with money, although there is a little bit of that, too.

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