We can't control it but we can certainly do things better this time around. Last big crash banks wouldn't let you refinance if your were underwater on your home. I saw people with 6.5% mortgages that could have dropped to 2.75% and keep their home but because the appraisal on the new loan would come in below the balance they wouldn't do it. The HARP program helped with that but it took too long to create it.The naivete here is the belief government and or banks can just magically control the economics of this.
We can't control it but we can certainly do things better this time around. Last big crash banks wouldn't let you refinance if your were underwater on your home. I saw people with 6.5% mortgages that could have dropped to 2.75% and keep their home but because the appraisal on the new loan would come in below the balance they wouldn't do it. The HARP program helped with that but it took too long to create it.
I'm already seeing banks working on forbearance programs for business owners and they haven't even missed a payment yet.
It'll be rough but we learned some hard lessons 12 years ago
So you're saying that the banks have mercy on our souls and they are going to make things easy on the worker bees? yeah right.We can't control it but we can certainly do things better this time around. Last big crash banks wouldn't let you refinance if your were underwater on your home. I saw people with 6.5% mortgages that could have dropped to 2.75% and keep their home but because the appraisal on the new loan would come in below the balance they wouldn't do it. The HARP program helped with that but it took too long to create it.
I'm already seeing banks working on forbearance programs for business owners and they haven't even missed a payment yet.
It'll be rough but we learned some hard lessons 12 years ago
No I don't. Unemployment will explode. We just hope it's short term. What is see happening is the banks pushing the business owner's loan payments out for a couple months (without reporting on their credit).I am weak at banking knowledge.
Do you see banks lending to small businesses to meet payrolls and such when the small business already has outstanding loans they cant pay?
Banks are going to make it easy on themselves. Do you have any idea what it costs the bank to foreclose on a home? If you think they're licking their chops to take your home back or your 2018 Kia Rodeo that you're $5000 upside down on you're wrongSo you're saying that the banks have mercy on our souls and they are going to make things easy on the worker bees? yeah right.
I believe they would be used in the step down capacity, non critical pts and assigned to a preceptor or mentor.Are the newbs heading in as front line staff or being used to free up the trained nurses. The only safe benefit I see would be the minor things, intake questions, charting vitals, answering the room dings, but only for non cv-19 type patients.
Californians buying up guns. Hahaha.whats the reason for this ? Just curious Gun sales on the rise as coronavirus concerns spread