2008-07-03T06:40:46Z opencongress.org tag:opencongress.org,2007:/bill/comments/46255 2008-07-03T06:40:46Z tag:opencongress.org,2008-07-03:/comment/31906 Anonymous Sick of hearing the word "victim?" buying a house is speculation? These people aren't speculators, they are homebuyers - everyday people like me and (supposedly) you. Myabe picking a doctor would be speculation in your eyes too? Maybe then if a doctor leaves a sponge in your chest cavity then you wouldn't be a victim? By your logic, we were speculating on our health, right? Get off your right-wing white-collar butt and work three jobs trying to support someone other than yourself of your waistline. These people were burned - and theycertainly are victims. Try being one, and you'll maybe begin to understand. 2008-01-26T15:29:07Z tag:opencongress.org,2008-01-26:/comment/447 Anonymous HR309 will help people to stay in their home. People who have work hard to pay three times more for their mortgage every month while people who have good credit pay a lot less. For example people with bad credit pay 3,000 month for mortgage while people with good credit pay 1,000 or less. This is unfair. The banks of America have taken advantage of the poor and innocent. If people with bad credit have mortgage that cause 1,000 a month I can tell you now that they would not be in foreclosures. They fight for years paying high interest so that they may have home for their family and when they couldn’t do it anymore the bank refuse to lower their interest rate. The bank claim bankruptcy on home loan all the time. It only fair that the people who have pay for a overprice house and overprice mortgage been able to file bankruptcy too. This will not cause mortgage rate to go up that is a lie that banks or telling people because they do not want to do the right thing. Please pass the bill HR3609 and give the homes back to people who have family and not investor. Everyone should pay the same interest rate for their home as long as they can prove that they have the income for it. Mortgage loan should not be base on credit score but if you can afford it. This law needs to change. Thank you, Amen. 2008-02-04T06:45:15Z tag:opencongress.org,2008-02-04:/comment/605 Anonymous Have they pass the bill yet 2008-02-04T06:49:17Z tag:opencongress.org,2008-02-04:/comment/606 Anonymous have they pass the bill yet or when do they think is going to pass 2008-02-07T13:21:12Z tag:opencongress.org,2008-02-07:/comment/679 Anonymous help me save my home. i can make payments now, but when the adjustable kicks in i will not be able to make it. 2008-02-07T18:46:52Z tag:opencongress.org,2008-02-07:/comment/687 Anonymous What is the status of this bill? My mortagage is about ot reset in 4 months. I hope I have the opportunity to support this bill. We must stand against bad loans which were never explained to us. What was posted before us as we signed up for these bad loans was "look at the low payment" This will afford you the right to purchase a home. Now they are in position to forclose without a second look at us. Pass this bill. 2008-02-07T22:43:33Z tag:opencongress.org,2008-02-07:/comment/693 Anonymous I support the bill, and believe it would not only help home owners like myself, but the housing market from going any further downward. The bill needs to be passed before my house is goes into foreclosure in a couple of months or so. 2008-02-08T09:32:44Z tag:opencongress.org,2008-02-08:/comment/698 Anonymous I am a victim and I support the bill 2008-02-08T09:35:29Z tag:opencongress.org,2008-02-08:/comment/699 Anonymous http://www.care2.com/c2c/group/Foreclosure 2008-02-13T09:55:16Z tag:opencongress.org,2008-02-13:/comment/805 Anonymous This bill needs to pass. I heard that Chabot was signed on and is proposing amendments which would make this bill absolutely worthless. The last information from some website would limit the starting date for bad loans to be modified to Jan 2007. Come on! The loans are too recent and should not be in recet condition now. Myself, I took out a loan in November 2005. The rates reset December 2007. The payment increase was 44% (From 6.875% to 9.875%). All of the other Republican supported rescue programs so far did not help peole in my circumstance. The legislation wothout damaging amendments is worthwhile. The amendments are harmful to effective legislation and should be scrapped. 2008-02-13T21:55:53Z tag:opencongress.org,2008-02-13:/comment/846 Anonymous I support the bill, I am a victim of subprime lending and have been forced into bankruptcy because my mortgage company Homecomings Financial would not agree to modifying my loan. I was told I could do a repayment plan that was $200 more than the payment I already could not afford, but the investors would not approve modifying the loan because there was too much "equity?" in the home... 2008-02-14T06:45:41Z tag:opencongress.org,2008-02-14:/comment/860 Anonymous It is a good reason for the Lenders not having exemption with 1322(b)(2) because of the situation the Lender put forward to you. The too much Equity to them translates to me the mortgage company feels they win and you lose. Their greed is a good reason. The whole scam that the lender cares has shown its true concerns. 2008-02-14T06:37:54Z tag:opencongress.org,2008-02-14:/comment/859 Anonymous I recently found out that the Speaker Nancy Pelosi can put this legislation before the full house. Compose your concerns in an email and contact the Speaker at the following address. AmericanVoices@mail.house.gov 2008-02-19T22:17:53Z tag:opencongress.org,2008-02-19:/comment/979 Anonymous There is also s.2136 which is being presented in the Senate which is similar to this bill originated by Richard Durbin. It is being co-sponsored by several Senators of well known stature. Hopefully this legislation or HR 3609 get passed soon. In order of the date they co-sponsored the legislation. Sen Schumer, Charles E. [NY] - 10/3/2007 Sen Dodd, Christopher J. [CT] - 10/16/2007 Sen Obama, Barack [IL] - 10/23/2007 Sen Whitehouse, Sheldon [RI] - 10/29/2007 Sen Brown, Sherrod [OH] - 11/5/2007 Sen Menendez, Robert [NJ] - 11/8/2007 Sen Biden, Joseph R., Jr. [DE] - 11/14/2007 Sen Harkin, Tom [IA] - 12/10/2007 Sen Reed, Jack [RI] - 12/17/2007 Sen Boxer, Barbara [CA] - 1/23/2008 Sen Clinton, Hillary Rodham [NY] - 1/31/2008 Sen Feinstein, Dianne [CA] - 2/14/2008 Sen Kerry, John F. [MA] - 2/14/2008 2008-02-21T21:31:48Z tag:opencongress.org,2008-02-21:/comment/1037 Anonymous This legislation might get pushed to the full house soon. The American Banking Association is getting concerned that the bill will pass. Even after the provisions for the bill from an added amendment make the qualifications for modification very limited, they still are barking protests and using the same threat and potential interest rate increases. A family will have to be in foreclosure, the family will have to be below the state median income. The family will have to be able to pay the loan after modified terms. How these strict provisions would cause problems with interest rates is beyond my comprehension. Anyway without the amendments this legislation would aid more strapped and victimized homeowners. with the amendments it would disadvantage more strapped homeowners but would help those that will soon be exposed to the wave of rate increases. Families with non-predatory loans would not be advantaged with this legislation woth or without the amendments. I hope they can amend or rescind the amendments added to this legislation. It is needed now! ho[hopefully without the exclusionary provisions amended to the bill. 2008-02-24T14:20:51Z tag:opencongress.org,2008-02-24:/comment/1126 Anonymous I am so sick of everyone calling themselves a victim. You made a decision to buy a home you thought would appreciate in value and it didn't. It's the same thing as speculating in the stock market. Sometimes you win sometimes you loose. Now you want your debt forgiven and have new responsible buyers pay for your writedowns with higher intrest rates and fees. That's called Socialism. The only thing you folks ar a victim of is a low IQ. 2008-02-24T18:34:57Z tag:opencongress.org,2008-02-24:/comment/1140 Anonymous In reality the industry being unregulated and also protected by title 11 section 1322(b)(2) gave the industry the expectation that they can make unsustainable loans, force foreclosure and then come after the previous homeowner afterward for additional profit. All the time forcing the previous homeowner into a situation where they go underground for economy or fall victim of the lending industry. Passing this legislation simply removes undue protection to the lending industry which increases responsibility of the lending industry. We are not speculators, we are people buying homes for shelter. This is by far not socialism, it is bringing fairness to the bankruptcy code. This is far from socialism, it is judicial interaction for those put into insolvency by bad lending practices. We have high IQs. We also have low GQs which is for greed quotient. If lenders feel that they do not want to offer good loans at fair rates if this legislation is passed I have news for you, high interest rates and predatory terms happened with the exemption, it is up to the lenders to put out fair loans. Regarding responsible lending, HR 3915 covers responsibility on the industry which is irresponsible. 2008-02-25T12:19:04Z tag:opencongress.org,2008-02-25:/comment/1173 Anonymous You used the victim word again. Redistribution of wealth is Socialism. Don't kid yourself, most of the people that bought these overpriced homes expected the prices would rise and that's speculation. The people that will buy homes in the future will be subsidizing those who made a BAD CHOICE. I will agree the mortgage process can be complicated but the price tags on the homes were clear. How does one not know they cannot afford a 3-4 or $500,000 home? I could see adjusting the rates but to give judges the right to forgive a portion of the loan is insanity. The main reason most people do not go bankrupt is it hurts their ability to buy a home etc. If they go bankrupt and keep their home and the judge writes off $100,000 worth of debt what is the downside of going bankrupt? None. If you think the banks got greedy well go after them. I don't care if some go belly up if they are partially the blame. What this bill is saying is to charge the new home buyers more interest and costs so those who went bankrupt get a lift. That not how the USA got to where is, or maybe was, before this Socialism took root. BTW, the people selling homes in the future can expect less for them not because of normal market conditions but the higher interest rates and fees used to subsidies the few will impact the sellers. If a new buyer can only pay X amount per month than with the increased interest and fees the sellers will get less. It's a lose, lose situation. Look at Cuba over the last fifty years. Ninety mils away the US prospered under capitalism while Cuba suffered under Socialism and communism. If that what you want than this bill is a good start. 2008-02-26T00:17:14Z tag:opencongress.org,2008-02-26:/comment/1208 Anonymous Redistribution of wealth is not the aim of this legislation. This legislation eliminates the exclusion from primary residence owners from being set in terms which are not sustainable. The future rates for homeowners will not be effected. The provision only prevents the home from going into foreclosure and giving less of a return of investment toward the company. This is not socialism. It is removing undue protection from loan modification from the bankruptcy rules. Big businesses go bankrupt, homeowners go bankrupt. Without the ability for homeowners to get fair representation from the judges in courts, an unfair advantage is received from the banks, even if it effectively prevents their loss. They will not stop their actions to prevent fairness. Taking their profits from the top and putting it in a pool for redistribution would be socialism. Preventing unfair advantage to the banking industry is not socialism. 2008-02-27T00:53:03Z tag:opencongress.org,2008-02-27:/comment/1312 Anonymous "This legislation eliminates the exclusion from primary residence owners from being set in terms which are not sustainable." Are you serious? Does that mean if I buy a automobile for $100,000 & lie about my ability to pay that I get to keep the car and only owe $40,000 on it. Hell no. I always can tell a Socialist when they use of words like modification. Modification of a someone elses loan always means it's going to cost me money. Where do you think the banks are going to make up the lost $$$? It's like the people that think Federal dollars are free $$$$. No such thing. BTW, every company I have ever seen go bankrupt has not kept a thing. Everything is liquidated. . I think you all need a lesson in economics. There is no free lunch unless your a socialist and then it not free, just the receipent doesn't pay for it. Everyone in forclosure expects strangers to feel the great need to bail others out. Not me. The Lack of preparation on your part does not create a sense of urgency on my part.