Comments on: Band of House Dems Revisits Cramdown

By: economic conundrums » Foreclosing ourselves

economic conundrums » Foreclosing ourselves — Sat, 27 Nov 2010 02:57:15 +0000

[...] mortgage servicers. Instead of acting aggressively to help homeowners by requiring modifications or allowing homeowners to escape foreclosure through bankruptcy courts, the administration stuck to admonishing, cajoling and pleading with a financial sector for whom [...]

By: Foreclosing ourselves | economic conundrums

Foreclosing ourselves | economic conundrums — Fri, 19 Nov 2010 14:03:20 +0000

By: Only Forceful Action Can Change Foreclosure Crisis Tide | Mortgage Behind Solutions

Fri, 23 Apr 2010 06:25:18 +0000

[...] and Donovan weren’t the only ones speaking out. As TWI reported, a small band of House Democrats last week urged for more action beyond voluntary loan foreclosures. [...]

By: modfymymtg

modfymymtg — Thu, 30 Jul 2009 06:24:32 +0000

Why not address the issue of how many banks have added thousands of dollars to the homes in forclosure by tacking on insurance rates 80% higher when a borrower can't pay for thier insurance.
Wells Fago will not shop for insurance when the borrower fails to buy wind insurance. Instead they will purchase a wind only policy for $7,000 that covers the mortgage holder only and tell the
home owner they have to pay for it. Also when you are trying to modifiy your mortgage they drag their feet so the attorney get it forclosed first.

By: leoarya

leoarya — Thu, 23 Jul 2009 14:30:11 +0000

Mr. President
Why didn't you support cramdown in senate? was that just a campaign trick to get more votes??
Then bad news, you will have a few million less votes next time because you lost those votes in foreclosure!!!
GOOD LUCK in 2012
A California Resident

By: Victor

Victor — Sat, 11 Jul 2009 19:38:40 +0000

Why a Bankruptcy Judge?
Why not a Federal Law…
Does it make sense to keep paying a mortgage for a house that its current value is at a 50 or 60 per cent down from the loan balance?
It will take several years for a house in this circumstances to gain some equity, while a nearby house sold at its current value will double its equity in the same period of time.

By: Mabeldenton

Mabeldenton — Sat, 11 Jul 2009 10:06:38 +0000

Mr. President why are the banking,and loan company not making loans as you promised they would do for the american people we are all hurting and not getting any help. Time for them to answer to you for not helping us the little people that keep them in business, maybe we should boycott their business. Check http://obamamortgage2009.blogspot.com/2009/03/o...

By: Mortgage Lender - HoustonPBS to air mortgage spots - Birmingham Business Journal « Mortgage Lender

Sat, 11 Jul 2009 05:28:26 +0000

[...] Band of House Dems Revisits Cramdown – The Washington Independent.comCommercial and Administrative Law Subcommittee Chairman Steve Cohen (D-Tenn.) (left) speaks at Thursday’s hearing on foreclosures. (YouTube: RepCohen) The Obama administration has all but abandoned it, and the Senate has already voted it down. But a [...]

By: Band of House Dems Revisits Cramdown | Foreclosures For Profit

Band of House Dems Revisits Cramdown | Foreclosures For Profit — Fri, 10 Jul 2009 23:12:38 +0000

[...] More: Band of House Dems Revisits Cramdo… [...]

By: GOP still blaming CRA for the housing crisis « Later On

GOP still blaming CRA for the housing crisis « Later On — Fri, 10 Jul 2009 22:55:51 +0000

[...] Lillis in the Washington Independent: Worth noting from yesterday’s House Judicial subcommittee hearing on the foreclosure crisis: Republicans just can’t shake the temptation to blame the Community Reinvestment Act for causing [...]