Jiro

ouch. oh well. that's frowned upon but nothing new

Deafness

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Byrdie714

I think it's the fact that the government has no oversight of the mortgage industry......

If there was such an agency, we might not be in the mess that we are in if the mortgage industry was regulated.

Before y'all jump on me about regulating the mortgage industry--let me point out that everything else, food, medicene, environment, etc, etc, is regulated.

So therefore, why not the mortgage industry?

Byrdie714

Let me introduce you to Carol McCain, John McCain's first wife.

Such a sad story and it shows how egotistical John is....

The wife John McCain callously left behind | Mail Online

Jiro

because food, money, medicine, environment..... it's a life and death situation. It affects our health therefore it must be strictly regulated. Mortgage is not. It is a personal choice to borrow the money and it is a personal responsibility to take the risk or not.

Byrdie714

But having a roof over one's head is part of a life situation, afterall if we didn't have a roof over our head, we would be one sick country.

However I do agree that most people shouldn't bite more than they can chew when it comes to borrowing money to buy a house.

Tousi

Well, I say a man's home is his castle, a part of the American dream; therefore, there should be some federal oversight of people who knowingly loan innocent people negative amortization loans.

rockdrummer

Not really. He may have perfect knowledge of how much his holdings are worth. What he said was that he didn't know how many houses he and his millinoaire wife own. Two seperate points.

Jiro

and whose fault is it to take a risky/bad loan? and whose fault is it for borrowing more than they can pay back? I do agree that there are some unethical/borderline illegal tactics by companies but it's still largely people's responsibility to know what they're getting in. Like I said - no such thing as 1-cent cookie. If it sounds too good to be true.... well sorry.

Do we have to set up federal oversight to watch how people eat because of rising obesity rate?

Royale

Well-written! It is an unbiased article and all media people should follow Danny's example about how to be an unbiased journalist because they are very biased and/or one-sided.

Jiro

well I think Danny's article appears unbiased because he probably does not like both candidates. His article is nothing informative. All he does is point out the silly bickering between 2 candidates like "can we please get back to real issues at hand?"

If all articles/news are unbiased... then we would not know who to pick easily. In fact - how can articles ever be unbiased?? That means there will be no criticism, no negative view, nothing! that's utopia

Tousi

Really, I paused at mentioning "federal" because I am all for the smallest government we can have. So there is oversight somewhere over these people who make loans. I have a friend and he UNknowingly signed up for a negative amortization loan. I asked him just one question regarding this loan because I had seen material about it somewhere: Did the loan company (big, well-known one) warn (as they are required to) you about the negative affects of taking out this loan? My friend said, no; it was all done over the telephone and e-mails. He never met the loan guy whose company was a mere 30 minutes drive from him. The company just sent over a documents person who had my friend sign a million pieces of paper and that specific issue never arose there, either!

My friend has a couple years within which to be able to afford to correct this matter but doesn't have the resources to find out whether or not he can sue. In the meantime, if allowed to linger too long, he will be in a house that will cost more than it's market value! Dang!

And this is a very common occurrence, I think.....

Jiro

wow... unbelievable! mortgage loan is a always serious business because you're talking about several hundred thousand dollars! I can't believe your friend conducted this only thru telephone and email. Like all responsible people.... he should have consulted this with lawyer, read the contract/fineprint carefully, and research thoroughly to understand the whole concept!

only telephone and email... damn.... still not government's fault. neither is loaner. he's the one who signed it and didn't do his homework first. well I hope he'll get out of it soon. That's gonna really suck if his loan will cost more than his house

jillio

Funny that we have not discussed the fact that MCain's current wife, Cindy, also admitted to a drug addiction, and to diverting (i.e. stealing) the drugs from a charitable organization that were intended to be dispersed to children in poverty for her own use.

Yet, we keep seeing people bring up the fact that Obama's father is Muslim.

jillio

Absolutely.

jillio

It is a far too common occurrance.

Jiro

I knew it.... First time I looked at her with her nose high up in the sky, I shat in my pants.

they should read Danny Westneat's article

Deaf Mortgage

Ouch - I clinch when I see this method of loan. Goose bump and shiver up my spine.

If he have problem refinance, he can see me and find solution how to get out of situation. He/she need to act fast.

Deaf Mortgage

I re-read your message and see word SUE. Its very difficult to sue because signed the paperwork to accept the loan. If you didn't sign, you win. If you sign, you lost. That why its very important to review the loan to make sure its good loan.

Some say paying lawyer to show up at your closing is a good idea. Some east coast requires lawyer at the closing. So less chance in that area with situation.

800-995-hope is one place to start to determine your options. Homeownership Preservation Foundation.

Negative Armorization is one of the worst loan ever written.

Liebling:-)))

I posted that link twice in different threads but nobody are interested but whines about Clinton... Oh well...

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Liebling:-)))

[quote]Unfortunlately yes...

This link support about her drug addiction, etc.

snopes.com: Cindy McCain

Yeah

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Liebling:-)))

But you said that you prefer to judge their background first before you decide which you are able to vote them.

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Liebling:-)))

Well, I prefer to nit picker how many houses I have... money, finance, etc. because I has the right to know... but McCain?

Would you prefer to work to correct your boss everything what you know than your boss...

Example:

1. He talks nonsense.
2. He think Czechoslovakia still exists which it doesn´t exist anymore since January 1993.
3. He think Putin is the president of Germany.
4. He think that Somalia is the same place as Sudan.
5. He think that Iraq and Pakistan share a border
6. He confused about foreign affairs.
7. He admitted that he has no clue about enconomy.
8. He said he rather lose an election than a war.
9. He´s clueless about Americans' concerns.
10. He gets mad when he was being questioned by medias over his qualifications.
11. He spents more time talking negative about Obama than giving solutions about his plan for Americans and country.
12. He violated Army´s rules.
13. He doesn´t seem to care or know of copyright laws.
14. He doesn´t seem to know how postive his behavior manner.
15. He doesn´t bother to ask anyone for permisson to use their image, songs, etc.
16. He doesn´t seem to know what apology means when he said few days later after Kathy Hilton was being offense by his negative behavior to use use Paris and Brittany to negative Obama is a funny and joke and also insult Germans as throng of flawing.
17. He doesn´t seem to know what respect is about.
18. His computer illiteracy.
19. His bad temper.
20. Don´t know how many houses he own.
21. Sing... Bomb, bomb, bomb, bomb Iran

Go on..........


Yes, I know that every bosses are not prefect but those list...? Should I work to correct everything for my clueless boss?

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Deaf Mortgage

I know I will be criticized for what I am about to say. So I choose carefully what I say here...

You are German citizen. You have no voting power in America. Your ideas are based on what you see and experiences in Germany. Therefore I don't think you have credibility to voice in America's decisions making. Reba do because she lives in America. She can vote who ever she want to vote. That her decision. So other American ADers can vote, they can voice. You have none voting power in America. That why immigrants want to become US Citizenship because if they can vote, they can voice to influence. So follow their example. That how America is established, you can vote, you can voice.

That why I question your statements toward either Obama or McCain. It something to think about. How can you voice your concerns if you don't live here. You are under different laws and government. Please in stake of argument, respect our freedom of Government and our reasoning. "Observe but do not interfere", Quote from Ridor, American blogger. We do not browse through your Germany Government and criticize all we want. Yet we just leave your country alone. So please leave us alone.

By the way - please cite your sources on the 21 item list you just created. If you feel strongly, build a better argument by cite your arguments. I try my best to cite all sources of claims. Or its just gibberish to everyone's eyes.

Remember - you can vote in America, you can voice in America. Like wise for us to your country.

Byrdie714