(Sacramento) -- As the mortgage meltdown in America continues to cause stress and strain for thousands of families, Assembly Democrats in the California State Legislature are working to reform the ...
(Sacramento) -- As the mortgage meltdown in America continues to cause stress and strain for thousands of families, Assembly Democrats in the California State Legislature are working to reform the mortgage industry, hoping the proposed regulations will mitigate the financial pain. Led by Assembly Speaker Karen Bass (D-Los Angeles) and Assemblymember Ted Lieu (D-Torrance), Assembly Democrats have crafted a package of legislation designed to change the way home loans are prepared and implemented. Here's more on the Assembly Democrat's mortgage crisis relief and reform package in this Assembly Web Report.
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Aaaaaaahahahaha! Obama's housing plan won't help the hardest hit areas which are the outer states on the west and east coast and Chicago. CHANGE? You've got it, you'll be living on the streets while Obama pledges 900 million to rebuilt GAZA for his Hamas terrorist buddies.
Only homeowners in good standing whose loans are held by Fannie Mae or Freddie Mac qualify. Read more at Yahoo Business News.
The SUB PRIME LOANS which caused this crisis in the Mortgage Industry are always in the HISPANIC COMMUNITY across the country. Who is responsible for giving the SUB PRIME LOANS TO MAJORITY HISPANIC PEOPLE?Why is PRESIDENT BUSH allowing OUR TAX DOLLARS to rescue peoples' homes who have NO SOCIAL SECURITY NUMBER!HOW can you tax or track a homeowner who has NO SOCIAL SECURITY NUMBER OR EIN NUMBER?I have a right to know.I am a US CITIZEN.I am tired of giving ILLEGAL ALIENS ANOTHER free ride!!
If people want the housing crisis to end, then let the markets correct themselves. Government rescue is too little, too late. Tighten regulations and standards. It is disingenous to suggest that only banks, mortgage lenders and realtors are responsible. Without the willing signature of mortgage contracts by financially inept Americans we would not have this crisis.
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Only homeowners in good standing whose loans are held by Fannie Mae or Freddie Mac qualify. Read more at Yahoo Business News.
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