Have you been hit by the U.S. housing crisis? Do you see evidence of the year-long credit crisis all around? Is a part of the story not being told?
We are inviting citizen photojournalists to send in their best photographs illustrating the battered housing market and on-going credit crunch. If you think your picture tells the story in an innovative way, please send it to pics@reuters.com.
The best images will accompany Reuters stories on Reuters.com.
Be sure to include your contact details and an explanation of the event you are capturing.
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Two things folks:
1. The government LOANED money to the banks, as well as getting some stock in the companies. The government could actually make money off the deals.
- Posted by Chris Boulder2. There are way way way too many people to “bail out”. Anyway, you don’t want a loan, you want free money.
Here’s one you might not have heard of… My husband & I built a new home. We had a construction loan, with a guaranteed flat rate conversion to a 30 years mortgage at the finish of construction.
The bank decided at the end of construction the home wasn’t worth the amount they had anticipated, so they tried to renegotiate the terms. They wanted us to pay almost 3Xs they agreed on interest rate and allow them to attach the mortgage to additional property we own.
When we tried to meet with them to discuss the situation, they would not talk, return calls or work with other lending institutions.
The accelerated the loan and hit our credit. We have NEVER had ANY credit problems prior to this. No slow or missed payments.
We would gladly pay accept a reasonable mortgage… at the agreed upon rate. BTW, it wasn’t sub-prime, mid sixes. Nothing has changed in our employment or financial history.
We’re now anticipating being homeless, never even living in this brand new home.
Merry Christmas.
- Posted by R. FriendHappy Holidays.