Clinton wants us to pay for bad mortgages?

Agree totally, Hillary is looking for votes will never actually happen

Having the government bail people out of financial trouble has always been a bad idea. It means more taxes for everyone and less money for those that are good earners and careful spenders It does not solve ANY problems, just creates new ones.

I've worked in the finance industry for 14 years now. It's not that people can't afford their homes and go into foreclosure. It's more the situation where people can't afford their mortgage ON TOP OF their BMW payment, 20K in credit card debt, $8 a day starbucks habit, and Coach purses. Debt has become an unfortunate way of life in America. People bite off more than they can handle and take the easy way out.

Leave the real estate market be. The lenders will adjust for risk on their own and tighten their lending standards. Rates are still relatively low compared to 10 years ago. Let the market correct ITSELF!

the real estate agents who sold these subprime loans and arms knew full well what they were doing...the collected much in commissions. I agree with the federal government going after these people and shutting them down and prosecuting them.

i also agree that we need assistance for these people who were basically scammed by the unethical real estate agents. not all real estate agents are unethical...just those that sold these programs.....they knew and did nothing to stop it.

even on the worse side...lets say nothing happens to the agents or the mortgage companies, and we do assist the foreclosed homebuyer...there is a whole other group of persons who have been hurt and / or scammed....these are the renters from many of these homeowners...the renters have been thrown out of their shelters due to the unethical behavior of agents and buyers not being aware enough of their contracts.

this "bad mortgage" thing is not going away quickly and everyday more sad stories are surfacing.

I wish i had one large blank check to fix it all.

this is just my opinion - based upon media reports and the constant questions about foreclosure that come through this venue.

thanks for asking :)

I am all for helping people in a crisis, but not for their own choices.

Unless there was a disaster, like a hurricane or flood that caused someone to default on their loan Hillary needs to let everyone live with their choices.

Lots of people bought modest homes that they could afford, why should their taxes pay for the luxury homes for someone else?

I am with you. I have no desire to pay for someone elses home. I would rather pay for welfare housing, at least then they are not making a profit out off of my work.

There are no mortgages without signatures. Everyone made the choice of what they wanted and they should receive what they asked for. They asked for an ARM, so they should get it.

I bought my first home very young and I struggled, just like most people. I literally went without TV or movies for 2 years, and ate very cheaply, growing as much food as I could in my first yard. I drove a beat up car, and did not buy the "cool clothes" like many young women.

Today I own 2 dozen properties and an in escrow for another. I worked really hard and made choices that allowed me my little collection. I DEEPLY resent anyone expecting to kick back with their bag of chips and their satellite TV and expect ME, Ms. Taxpayer to pay for their life style.

We all make choices and deserve the consequences of those choices. Goof or bad, everyone decided what path to take.

government is the savoir of us all

well, Hillary obviously thinks so.

that the rest of us are rolling on the floor laughing our asses off probably doesn't mean much to her.

***

Btw, you do know that real estate flippers [a species of human shark that preys on other humans] are a prime source of sub-prime mortgages, right?

They 'sell' these properties at inflated prices on unrealistic terms to people who sometimes speak so little English that they haven't a prayer of understanding the contract that becomes a subprime mortgage.

Might it be in all of our better interests if mortgage originators said to some people that "no -- your finances just do not support you borrowing this much money." ??

***

Pie in the sky

a chicken in every pot

middle class housing for everyone and hang the expense

***

Who is she kidding? The only way we can make everyone roughly equal is to impose Communism. [I assume she'd volunteer to be the illustrous leader for us all, right?]

:-)

We interior the industry observed this coming six years in the past. actual everyone knew what replaced into taking place, even politicians. They couldnt end twiddling with banks interior the 1880s the two. bear in recommendations the mark downs and private loan disaster? That replaced into an wonderful thing approximately government regulation. ok, i'm going to purchase some swamp. i'm going to sell it to you for ten dollars. You sell it to me for a million, outstanding once I borrow a million money out of your financial employer. Then I sell it to you for ten million, which you borrowed from me, and once you cant sell it on the open industry we bypass bankrupt and the government bails us out. marvelous job, Democrats.

Agreed. Let the market work. Without consequences, nobody will make a better choice next time.

That money could be used for much better things in our society. Fixing other people's debt problems is not one of them! Let's better our schools so maybe people, with better education, won't find themselves in those positions again.

If this proposed legislation targets lenders who mislead clients, I hope it passes. If it is merely an attempt to get votes from people who should know better but don't, she is no better than the people she is trying to regulate.