Comments on: Ellen Tauscher introduces anti-foreclosure bill

By: Philip Taylor

Philip Taylor — Sun, 01 Mar 2009 11:45:28 +0000

Why do you want to protect an industry that nearly collapsed America!

Let the judge adjust the principal and do not use taxpayer money for this.

These “SURE FAIL” mortgages should be declared as a misrepresentation and become NULL and VOID and entirely new fixed rate mortgages with adjusted Principal should be done by a JUDGE forcing the Mortgage Services/Banks to do write-downs!

We must begin to ask who you represent since a third of your money seems to come from Washington DC!

By: Lois Smith

Lois Smith — Mon, 09 Feb 2009 04:05:34 +0000

How are they going to refinance houses in cases where the values are now so far below the loan amount? You cannot use the same loan amount as the value is not there even if you gave them a fixed rate loan. Are you just going to forgive the difference? In that case every mortgage holder deserves a break! We have sometimes struggled to pay but have clean credit and are not upside down in value, but I would love to get rid of some of my mortgage too!

By: Elwood

Elwood — Thu, 05 Feb 2009 20:06:02 +0000

Oh, goodie, just what we need! Another dimmiecrat spending proposal.

How does Ms. Tauscher propose that we pay for this largesse?

Print more funny money?

Or raise taxes?

By: Arne Simonsen

Arne Simonsen — Thu, 05 Feb 2009 01:54:02 +0000

Okay, how will CalHFA refinance “underwater” mortgages?

Will this be another gift of taxpayers’ money to people who bought homes that were beyond their means?

Who is going to get ripped: the original mortgage holder or the taxpayers?

This is a slap in the face to all homeowners who purchased within their means, took out fixed rate mortgages, have great FICO scores, and kept their LTV below 80%?

My wife and I have been very responsible with our finances to earn a very high FICO score so that we could get lower fixed interest loans. And now these irresponsible homeowners are just going to waltz in and get what we worked hard to achieve?

What a rip!!!!!!!