2009-02-28T04:03:11Z opencongress.org tag:opencongress.org,2007:/bill/comments/55210 2009-02-28T04:03:11Z tag:opencongress.org,2009-02-28:/comment/91740 fordfse As much as I feel for the people who are loosing their homes and a large percent of them to an ARM which the bank got them into. A large percent of these people had no business getting that loan and the banks had no business qualifying them for the loan. The banks need to be stuck with these homes on their books or renegotiate the terms with the current owners. This is called Capitalism. The government created a large amount of this situation due to Fannie Mae & Freddie Mac fiasco. And now the government is attempting to get us out of it? Give me a break. Who is now going to be responsible for the difference in the principal when the Judge adjusts the principal and interest? This is not Capitalism; this is socialism and big government. 2009-03-05T07:20:42Z tag:opencongress.org,2009-03-05:/comment/93572 JamesBarrett For your info it does not take a rocket scientist to figure out the bank will have to eat it hence BANKRUPTCY not you. I would hate to see people stuck in the cold because we help big business before we help the backbone of america the blue coller workers. Oil companies caused this by raiseing the price of oil last year and all of these people still had to go to work and cut back here and there to buy gas. So think about blameing the people who should be blamed big buisness. No we bail them out first. 2009-03-06T08:51:22Z tag:opencongress.org,2009-03-06:/comment/93798 jfreeman This is ridiculous on so many levels. Not everyone who is in mortgage trouble right now is a blue collar worker - many were speculators convinced the house would rise in value so they could sell before the adjusted rates kicked in. You are creating a false dichotomy between banks and workers. Banks are not evil. They serve a legitimate purpose - connecting savers with borrowers. Otherwise, they wouldn't exist. The people who give their money so that workers can buy homes do not deserve to be burned. It is their money - not yours! 2009-12-16T04:43:41Z tag:opencongress.org,2009-12-16:/comment/177403 dfharing Interestingly enough, the people that you are worried about benefiting from this bill (i.e. the investors looking to flip the home to make a quick profit) already have the ability to "cram down" the mortgage on an investment property; this has been part of the bankruptcy code for years. The ONLY people who cannot use this tool are the people who use the home for their primary residence. So, the only people who would be helped are those who were duped into believing that they could afford the mortgage by a bank who gave them the loan with teaser rates and ridiculous terms. Thus, the only people who would be hurt by this bill are big banks, and the only ones that would be helped are main street victims of predatory lending. As I said before, the speculators CAN ALREADY DO THIS, THE ONLY PEOPLE WHO CAN'T ARE THE PEOPLE WHO USE THE HOMES AS THEIR PRIMARY RESIDENCE!!!!! 2010-02-13T04:17:48Z tag:opencongress.org,2010-02-13:/comment/184921 nsbishop74 They are offering modifications! The bank offered to add 16 years to my mortgage. What a deal! How is putting me into more debt helping? They also said they could possibly lower my interest rate too! But only after giving me a 40 yr. mortgage and they wouldn't tell me what that rate would be. I already have a 5 3/8% rate. And when I asked, I was told that they didn't do "the hope for homewoner's program.' I was not irresponsible. I had excellent credit my whole life. I put 20% down on a conventional mortgage on a home I had planned to raise my family in. Even after a divorce and taking out a second mortgage to buy the ex out of his share of the equity(when the house still had positive equity!)I didnt mind working the ot every weekend and working midnights to work towards a future for my children and myself. I was working towards something! Now what? What am I working towards? My neighbor just payed half of what I paid for my home. And he got a credit! 2009-05-01T03:24:00Z tag:opencongress.org,2009-05-01:/comment/105020 lakotajk Awsome Anonymous !!!!!!!!!!!!!! 2009-04-17T05:34:50Z tag:opencongress.org,2009-04-17:/comment/103004 daringone I'm sorry for your poor decision to accept an ARM. But that is not mine or anybody else's fault or burden to bear. 2009-04-30T13:46:34Z tag:opencongress.org,2009-04-30:/comment/104937 henhousefox Congress: Just stop spending money we do not have!!! 2009-03-05T07:36:18Z tag:opencongress.org,2009-03-05:/comment/93576 JamesBarrett Whatever. 2009-03-21T10:01:48Z tag:opencongress.org,2009-03-21:/comment/97341 melzellers I hear that! 2009-03-26T10:42:12Z tag:opencongress.org,2009-03-26:/comment/98555 braveeagle If they want to help people they should consider how to get them into a house they can afford. They obviously got into more house than they should have been able too. They need a place to live, but if they can't afford the house, what is the chance they can afford the taxes on the house or the insurance? 2009-03-05T07:48:31Z tag:opencongress.org,2009-03-05:/comment/93579 JamesBarrett This is just for mortgages not everything. Read it first. Why can lenders sell your contract to someone else without your permission? 2009-04-25T21:37:28Z tag:opencongress.org,2009-04-25:/comment/104354 myfam Don't you realize this bill will help both of you? Right now you have already been punished, and have already subsidized the actions of others... You are already paying for it with the loss of value in your investments, and you are about to loose another chunk, unless this bill passes and the foreclosures are stopped. The bill will not cost taxpayers a cent, it only avoids the stupid lenders and servicers from choosing to foreclose instead of modify the the loan, The loss has occured already, but with the foreclosure it brings down the neighborhood value, with the cramdown the value stops falling, Are you bright enough to get this? 2009-04-27T23:58:20Z tag:opencongress.org,2009-04-27:/comment/104527 katherinewatterson The people of this country need to be fiscally responsible as does the government. If people would have paid their debts as promised, our country wouldn't be in the econimic mess its in. 2009-04-28T02:36:15Z tag:opencongress.org,2009-04-28:/comment/104535 daringone The banks don't deserve the bailouts anymore than the people do! The problem is that we have a bunch of morons in DC that keep spending our money when we don't want them to. I was against all the bailouts too, I'm against DC running Detroit, and I'm against any more spending when we don't have the income to do it! 2009-04-28T08:23:16Z tag:opencongress.org,2009-04-28:/comment/104585 myfam It is hypocrisy to allow banks to get bailed out and then demmand fiscall responsability from consumers that fell victims of the banks. 2009-04-13T22:51:24Z tag:opencongress.org,2009-04-13:/comment/102389 Clint_Thomas you are not doing these people any favors, let them fall on their face, they will get up brush themselves off and maybe, just maybe they will live within their means 2009-04-14T07:19:52Z tag:opencongress.org,2009-04-14:/comment/102452 myfam If you let them fall in their faces, another house in the neighborhood will be empty, and drag the values of the entire neighborhood with it. Shoot yourself in the foot! The left one! the one that has the ugly toe nail! Maybe it will learn from the pain, Maybe they will have to amputate and you will be rid of that stupid foot forever. ... Get it? 2009-05-01T02:57:41Z tag:opencongress.org,2009-05-01:/comment/105012 lakotajk You go James...I had a sickness in my family that went on for 4 months and the stse of NY only gave us 125.00 a week..and as said I drive a diesel truck and my fuel bill was almost 5 dollars a gallon. So...let the banks eat it..it's interest anyway and we are always bailing them out..it's time for the small guys. Have a great day!!! 2009-05-01T03:22:17Z tag:opencongress.org,2009-05-01:/comment/105018 lakotajk Your not paying for anything and it was not a gamble in many cases... It's a fresh start for some that really need.