Comments on: Obama Unveils Economic Team, Plans 2009 Stimulus Package

By: TAMMY

TAMMY — Tue, 10 Feb 2009 16:59:01 +0000

I recently had trouble getting my house refinanced. We were tricked into getting a adjustable rate mortage. We paid perfect for 3 years on our mortage and they would not refinance us. I think our President should consider this when helping those companies out there. Wells Fargo told me they didn't go by your mortage history. Someone needs to check into this and find out why. I feel like some of the companies have brought it on themselves.

By: MurrayOverdrive

MurrayOverdrive — Wed, 31 Dec 2008 02:11:39 +0000

It's doubtful Citibank is done receiving taxpayer handouts either. Once commercial real estate and credit card debt start to implode, they'll be back at the begging table again in 2009.

By: Lynette Coleman

Lynette Coleman — Tue, 30 Dec 2008 05:40:58 +0000

Citi Residential Lending is one of those Wall Street Companies that has not been very flexible in coming to the aid of those homeowners who have lost their jobs, taken a reduction in salary or have had to find a way to stretch Unemployment dollars. What kind company charges up to $30.00 late fee along with additional fees up to $20.00, just to accept your payment???? Do you think that is very stimulating to Americans??????

By: Lynette Love

Lynette Love — Tue, 30 Dec 2008 05:34:44 +0000

We have bailed out Wall Street. Now that Wall Street has our tax dollars, many homeowners are being told that our "Refinance Department is not currently functioning. We cannot reduce or change any of the tenants of you Mortgage Agreement, even though my home is not holding its value and I'm paying 9.0 percent.

By: Andrea Love

Andrea Love — Tue, 30 Dec 2008 05:30:02 +0000

I think the everyday worker would benefit by and have more spendable income, were it not for the exhorbitant fees and late charges assessed by the current mortgage and credit industries. The high interest rates that are being charged are like the those of the "street" lenders and gangsters who would break your leg or hurt your family, if you don't pay up. Once again, we need to regulate credit, so that our children have a chance to build the "American Dream" which has become a nightmare to many.

By: Deven

Deven — Fri, 19 Dec 2008 12:03:47 +0000

I think the easiest and most efficient way to get a stimulus out would be with this years tax filings, giving higher deductions for dependents and/or workers. It would get everyone filing again this year and if incorporated with the return, would save the extra expense of mailing separate checks later.