Comments on: Franken wants to create mortgage watchdog office http://minnesotaindependent.com/58673/franken-wants-to-create-mortgage-watchdog-office News. Politics. Media. Wed, 30 Nov 2011 23:48:28 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Elizabeth M http://minnesotaindependent.com/58673/franken-wants-to-create-mortgage-watchdog-office/comment-page-1#comment-60893 Elizabeth M Fri, 18 Jun 2010 23:31:59 +0000 http://minnesotaindependent.com/?p=58673#comment-60893 markmwhite; obviously you are unhurt by the events of the past two years, but what you call artificial is real to hundreds of thousands of fellow Americans who through no fault of their own risk home loss and worse. Many, like me, were actually current with their mortgages and were taken under the modification wing to provide a bit of peace since I was working THREE jobs to get by, single mom with kids scenerio. I took the lifeline and my mortgage servicer has steadfastly dropped an anchor around my neck and I am sinking. We need to regulate the banking community who first set up the housing default market and secondly are taking second handouts by the HAMP program but neglecting to share the wealth by leaving homeowners in very very vunerable positions including losing their homes without knowing they are on that path. If you think that this Amendment is unfair, you have an opinion and I am glad you live well. As for those of us who need to get out of the mess the Mortgage companies PUT us in, I am overjoyed that someone is listening to our voices or is that listening to our crying. It is a wait and see but it is better than fear I live in because of unregulated servicers. markmwhite; obviously you are unhurt by the events of the past two years, but what you call artificial is real to hundreds of thousands of fellow Americans who through no fault of their own risk home loss and worse. Many, like me, were actually current with their mortgages and were taken under the modification wing to provide a bit of peace since I was working THREE jobs to get by, single mom with kids scenerio. I took the lifeline and my mortgage servicer has steadfastly dropped an anchor around my neck and I am sinking. We need to regulate the banking community who first set up the housing default market and secondly are taking second handouts by the HAMP program but neglecting to share the wealth by leaving homeowners in very very vunerable positions including losing their homes without knowing they are on that path. If you think that this Amendment is unfair, you have an opinion and I am glad you live well. As for those of us who need to get out of the mess the Mortgage companies PUT us in, I am overjoyed that someone is listening to our voices or is that listening to our crying. It is a wait and see but it is better than fear I live in because of unregulated servicers.

]]> By: markmwhite http://minnesotaindependent.com/58673/franken-wants-to-create-mortgage-watchdog-office/comment-page-1#comment-56709 markmwhite Tue, 11 May 2010 14:29:52 +0000 http://minnesotaindependent.com/?p=58673#comment-56709 is this really what is needed, another regulator? Surely this would overlap with other regulators that we already have. What is wrong with borrowers losing homes they can't afford? artificially propping up defaulted homeowners only artificially increases home prices and disadvantages other worthy ptoential homebuyers who could afford to purchase and own homes at a lower (unsubsidized by government intervention) price. could we please stop the bailout for defaulted borrowers and for Freddie and Fannie. The mortgage market can thrive without them. is this really what is needed, another regulator? Surely this would overlap with other regulators that we already have. What is wrong with borrowers losing homes they can’t afford? artificially propping up defaulted homeowners only artificially increases home prices and disadvantages other worthy ptoential homebuyers who could afford to purchase and own homes at a lower (unsubsidized by government intervention) price.

could we please stop the bailout for defaulted borrowers and for Freddie and Fannie. The mortgage market can thrive without them.

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