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MORTGAGE ASSISTANCE TO HOMEOWNERS 

  Commentry for the above Issue : [ Total Postings : 1 ]
  Don't Waste My Tax Money on Those Deadbeats!
  Don't buy it for a second! The trendy politically correct speech is to say that homeowners were duped by predatory lenders and dishonest mortgage brokers. That is a bunch or horse bleep! EVERY loan had a federally required "truth in lending" form that was signed by the borrower and thoroughly disclosed the payment amounts and the interest rate. EVERY SINGLE LOAN. Borrowers knew exactly what they were signing. In fact, it was the borrowers who lied about their income and their ability to pay (and they also obvioulsy lied to themselves). The borrowers signed their "liar" loan applications also. NOTHING WAS HIDDEN. These borrowers used the money to buy big screen TVs, etc. NOW DON'T USE MY TAX DOLLARS TO BAIL THEM OUT - I pay my mortgage, and I didn't lie about my income and refinance to take a big lump of cash to blow. Simply let the house be foreclosed, and the former homeowner can then rent an apartment. It is that simple. No problem, it is called responsibility (but I guess in your world we won't hold anyone accountable for their own actions).
  || Posted on : 09/05/2007
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