President Obama on Working Through the Mortgage Crisis

[ChamiraIR]

why don't they listen to ppl who are more knowledgeable wen they speak up... Ron Paul did i guess on 2002 or smthng like that and i guess alot more did too but they seem to be da crazy guys bak then

[guudgidga]

@spasmaticcontortion

You know, it's best to not reply to a comment that's two years old. During those two years, my views have changed, and I've matured more. So it's not like my opinions haven't differed.

[forzacreativa]

My grand pa was able to keep his house thanks to this government program. makehomeaffordable.gov

[spectrum2000now]

Hope our Pres. Obama can be able to solve this crisis which suffers a lot of his constituents.

[Elaine31340]

Housing Market is still dropping. People are losing their homes, Cause the banks are not helping the People.  Banks are forclosing on the middle class. Fammie Mac is not working with the people that do have jobs but Fammie Mac is raising the house payments so high that we the people cannot afford to pay.. what is happening to our country?????? Goverment is not making sure that the banks are doing what they are surpose to help out the people..Obama please help out the middle class and the poor!

[Seahorsey2]

According to Bail out Sleuth dot com re: June 24, 2010 article, "Government's Mortgage Modification Program gets more criticism; House Oversight Committee and GAO weigh in. paragraph 4 "Earlier this week, Treasury Secretary T.G. told the Congressional Oversight Panel that the program "was NOT designed to prevent foreclosure" even though the administration has made statements to the contrary."

[AngryIraqi]

it is unfortunate that if you relay on the gov to solve your problems then you are the under-dog from the get-go. Many hard-working and honest people are facing problems. We are just the victims of big corporations; whether it is Wells Farto or Golden Sack, we are just another widow of orphan (in own Tourre's admission). Thats why big corporate pay millions to politicians to have laws or DE-regulation in their favor.

[randyagent]

Get someone in there that knows what they are talking about.

[streetz23]

this is bullshit. this will only help people on the short term. While on the long run it won't last and you'll eventually lose your home.

[prayfortruejustice]

This is a great program for the banks. Essentially this is a bank bailout, so people don't walk from their properties. The benefit to the homeowner is that the mortgage is extended for years and the interest rate is reduced making the monthly mortgage payment less than rent in some cases. Downside for the bank:none. Downside for homeowner?: maintenance costs, upside down value/loan balance.

The guy to the right looked shocked and hot.

[dpunger]

Prez plan to have every vet medical record start on day one of service till laid to rest, is a big step in the right direction. Whenever a vet shows up at a VA place his records will show everything and services can move forward, instead of waiting and sorting through files they now have to carry around from place to place and wait for authentication. Save wait time and get the care needed. GREAT IDEA you go prez!

[darkangelextra]

bla bla bla bla bla bla blaaaaaaaaaaaaaaaaaaa 4 years

[rosieyposie7]

Mom85 & son got a PREDATORY LOAN from COUNTRYWIDE!

on a temporary occupancy certificate CLOSED 12/2/04.

HOUSE HAD OVER 100 COUNTS OF CARBON MONIOXDE SAID BY 106 POLICE & HB FIREDEPTS.

COUNTRYWIDE LOAN WENT INTO DEFAULT BY 06 SUMMONS BY BANK OF NY.

from : JAN 2007 TO MAY 2009

15 COURT ADJOURNMENTS

COURTS approved

NYFOUNDATION -COURT GUARDIAN wCOURT ORDER OF STAY by JUDGE THOMAS.

we are NOT PERMITED to speak in COURT!

we LOVE our HOUSE & want 2PAY A MORTGAGE! How do I write OBAMA?

[ForeclosureHotline]

Looks like you need an attorney. Obama will tell you the same. 877-9-HOME-11

[darknight123123123]

Well, it has worked for us! Thank you Obama!

[samsunguitar]

Watch "The Obama Deception" in HQ! This is the truth about Obama that you must know!

[clairebreedlove26]

ObamaObamaObamaObama

[CUBANSIREN]

I'm so happy I live in the land of the free where I"m able to vote for another president in just four years....so I keep telling myself it's just arund the corner.

[lizzyb1958]

I'm not sure all the mortgage companies are on board with this plan, We called our mortgage company, National City Mortgage regarding the problems we were having and were told that basically we would have to go into foreclosure in order for them to help us. what do you do in a case such as this?

[Beingreal40]

1-800-995-HOPE (Hope for Home owners) free counceling. Also look for HUD councelers. Lenders are on board. If your in a adjustable loan. It may be that your in a "Liar Loan" (set up in a loan you never could afford in the first place). Why would they modify it? If you are in a fixed loan trying to go it alone, be careful. I did a search on my mortgage co. name followed by scam. Found out people who did modify had missed payments, fees , and service charges added to the back of the loan.

[lizzyb1958]

will do, thanks for the info. I am a little concerned about all the scams going on so believe me, I am watching out.

[ChangeMyPassword]

Hello

My Password is:

youtube1478

[Beingreal40]

Not sure if guy on right is going to kiss him or take a bat to him. Well said BROKERin AZ. Gov. also has no interest in helping people caught up in fraudulant loans created by our greedy brokers and lenders. They believe home owners offered to risk their life savings, move their own furniture, gamble everything, and pay their broker a high commision. Stealing our homes and jacking up the rents. They belive this will be a passive event. Just moving us from one jail cell to the next.

[spiritsA]

The White House still use a typewriter. ~.~

[politicalfarce]

That's not a typewriter you hear in the background. IT's photographer's flashes.

[BROKERinAZ]

I have a proposal as to how the government can better utilize funds given to banks to truly make a difference for the homewoner who's upside down on their mortgage. How can I get someones ear?

[harvey101107]

The only way I can imagine is to send a letter to the white house, be it online or mail. They get thousands of letters a week, though. Get involved in politics if you really want to make a difference.

[BROKERinAZ]

Mr. President,

Unfortunately the challenge with the plan is that the lenders are not willing to reduce the principle balance on the homeowners who are upside down on their mortgage and can't afford their payments. They have no real incentive to do so.

[pa6xylly]

the guy on the right is the Secretary of Housing and Urban Development, Shaun Donovan.

that's just how he is. there's nothing up with him.

[MiniDudenor]

The guy on the right froze lols

[zerostatus88]

There is something up with the guy on the right.

[underbird]

Im going to have to end this subscription, No one could possibly watch all of these vids. Its more than the 411 scam emails I used to get on AOL. Of course this government is run like a 411 scam so maybe its fitting. Maybe the President will tell us next that we just won the UK lottery. All we need to do to claim our million dollars is send $30,000 to the government. Well actually that is what they said exept for the million dollars part. And we dont get a choice.

[Voltegasproductions]

lol so true

[sorum]

Look at the guy on the right

[harvey101107]

He's talking as if low interest rates and the federal reserve are good things. Kind of disturbing.

[clwaltz]

Im positive Sec Donovan and the President are working through these issues and adding outward reaching programs to help create opportunities to bridge these gaps.

There are some real inequities in the current condition that need addressed, banks need responsibility in providing outbound workers to help re-finance for owners... remember they sat in sales offices during the boom to initiate them, so they could reach more customers.

Its time for some re-fi teamwork... that include weekends

[janichaz]

I applaud Obama!Thank you,President!

[saeho90]

Google_saeho90

[UAintDeletingThis1]

The guy on his left doesn't look away from him once and looks a little transfixed. I guess people in his office are as amazed at him as we are

[redmustang03]

The people of the United States voted for this man to handle mutiple tasks and try to get this economy jump started. Remember people, the economy is going to recovery overnight. Its not going to be this month or next month when recovery starts. Its probably going to near the end of the year. Still if you want to question the president go ahead and do it because its your right just don't be an idiot calling him Communists, Facists, "were doomed because of him", kind of thing.

[Roinator]

I agree with your message, but the grammatical errors are a bit distracting. Proofreading is always acceptable.

[ver506]

Very well said:-)

[redmustang03]

I meant to say that the economy isn't going to recover overnight. Its going to take months.

[TFR2087]

Years.

[beeohhski]

its kinda ghetto thatpeople canmark down goodcommentsor report them as spam then replace them whith their shitty asshole comments basicly world of douchbags that are mad cause blacky runs the country are so much of whats wrong whith america because it is thier poor asses reasons that we are in this mess trying to give trash that dont belong in society a peice of land and make themselves feel equal but they being poor moraly and monetarily cant pull thier share

[beeohhski]

they not being blacks but they meaning ignorant trash in general

[DrFaustus1981]

Your house should not be your largest investment.

[solemngreavance]

i think he might have been talking about the children

[tulvox]

can you see how that guy sees obama? hehehhe looks funny

[guudgidga]

Obama really seems to be trying his best and I praise him for that. SCREW OFF YOU RACIST PEOPLE!!

[murda1991]

You should never praise or worship the president he is the servant of the people not the other way around.

[Vilemk0]

Like people praise Lincoln? People don't worship but praise is merely praise. Don't obscure praise with worship. Praise is an expression of approval and commendation, worship is to idolize: love unquestioningly and uncritically or to excess; venerate as an idol. People question every president, even Obama's fans.

I'm not a political nut so don't bother replying.

[todnyc]

you're NOT a political nut? yeah, right. that's why you link to that anti-Fox website in your profile. nice attempt at avoiding confrontation, Vilma

[Vilemk0]

Avoiding confrontation? Wow, you sure know me. First of all I want to say you're a fucking pansy. Secondly I'd like to say, Propaganda is still propaganda. It's not anti anything if it's speaking the truth. Lastly, I R VILEMK0!!! BITCH! I LOATH CONFRONTATION! I mean love, I love it! Biased one sided arguements like rightwing leftwing bullshit go nowhere fast. So sue me if I don't feel like I want to converse about it. Get the full story first before you make shit up just to sound cool.

[Vilemk0]

One more thing. You're profile is the perfect example of a washed up politics nut. Look at my favorites, than look at yours. Lastly, visit this site and you'll understand the difference between our two very different personalities.

w_w_w(dot)bringvictory(dot)c_o­_m

[guudgidga]

I don't praise like a god man. I praise him like I'm supporting him