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Old 02-19-2009, 10:56 PM
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Default Why aren't jumbo loans included in the

foreclosure prevention bailout package? Seems to me those people need a place to live too.Jehen----Those people can lose their jobs tooThose homes lose more value than others in times like this and the jumbo refi rates are much higher than conventional ratesThese answers imply that those that have jumbo loans didn't overextend themselves, don't lose their jobs, and can go buy another house after foreclosure. Try getting a loan these days after having your house foreclosed on. These people can be in just as bad shape as those with conventional $416,000 mortgages.
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Old 02-20-2009, 12:49 AM
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Because anyone who can afford to take out a loan for more than $417,000.00 should not be bailed out.
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Old 02-20-2009, 02:55 AM
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LOLYes, Obama doesn't care enough about the suffering rich people.
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