Mortgage help from surprise source

I have been waiting 80 days to here back from Suntrust on my loan modification and every time I call them I get the same response "we are working on it". It's ridiculous. I am completely current and always have been, the customer service there stinks.  I could go on with a couple other customer service problems I've had, but just think about it when your deciding on a mortgage company to choose.

Mr. Hicks III.

About a month ago I read that a FED official said they were determined to keep the interest rate on long term financing low. Well in the last 3 months 30 year fixed mortgages rates have gone from 4.125% to 6%. Thats almost a 50% increase in a very short period of time. The window of oppurtunity to help people struggling with their mortgages may be closed. If you are struggling my advice would be, the lord helps those who help themselves. A second job, sell one of your cars, anything you can do to keep your head above water. If we know anything about the economy it is that it is cyclical. Things may be bad now, but I know that we will rebound, things will get better, and that we can persevere.

-One country under God-    

OK folks, All of you are missing what is really wrong here. The Obama bailout plan for the mortgage industry is not really designed to help those who really need it. The plan does however help the Mortgage companies recover their losses as a result of their own greed. In addition the current bailout plan allows the private investment firms or holdings companies to become richer. I can go into details but most people can't or doesn't understand when the details are placd before them. In addition the Media does not want to really report about it, because it makes the Obama administration look bad. The reality is that regardless there are going to be many more foreclosures and many more jobs lost. The only choice left will be for the government to raise interest rates and super inflate the economy. The good news is those that have a home now will be able to pay it off with cheaper dollars. The next step once the inflation fails is to go to all out war somewhere. (not the little battles we are currently in) I mean World War III. and don't kid yourself this one could be fought right here at home in the good ole USA.

Funny thing is here is that Obama administration and our carrier Senators and House Representative have the ability to overcome all of this and become the most popular Presidential Administration in modern history. First thing however is they need to quit listening to poor advisors (of which most came from the sector that created this mess) and do the right thing, " stop the bailouts that reach only to the banking level and large corporate america but actually help the people first." and Put People to Work. Instead of billions of our tax dollars going to big corporate America, the goverment should provide grants and low interest funding for the small business sector. Allow for funding to new start up compaies with good solid business plans. This would or could create hundreds or thousands of new jobs in the market sector that pays the most taxe revenues. Most people don't realize that companies with 5 - 250 employees are the one that provide the most tax revenues and jobs in this country. Also provide grants and interest rate reductions for homeowners that are struggling, with strict guidlines based on job loss, sickness, reduction of income and reduction in market values, which can be applied for through the lenders and can offer owed principle reduction, interest rate reductions and tax credits based on the application criteria and offer it to everyone who has a mortgage. Some may not get much help other than an additional tax break, while others may get a 50% reduction in the priciple amount owed. All this would depend on the verifiable application criteria as to what would be awarded. Best of all the lenders won't have to forclose and get .50 cents on the dollar and all the related costs that are incurred with this process. Obveously, I can't explain all of the details here, but I have come up with a solution planthat makes everybody sufer less and can help resart the economy and yet I can't get my congressman, senator or anyone in the administation to even so much as reply to may attempt to discuss it.  So you see, the method of recovery which we are currently under in this country is only doomed to failure because of the short sightedness of our government. I also can't blame Obama for trying, he alone did not create this mess but we expect him to clean it up. I feel sorry for our President as he will ultimately go down in history as a failure and disappointment to the people.  God Bless This Nation and all of the People.