MCain's homes

Byrdie714 said:
I think jazzy is referring to the fact that McCain was married to his first wife while having an affair with the present 2nd wife.
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ouch. oh well. that's frowned upon but nothing new
 
Deaf Mortgage said:
This is not communism where Government control 100% of everything. This is democracy and captialism market. Its by free will of individual to choose what they want. If they saw an opportunity, they will grab it before think throughly what they are getting.

Certain things Fannie Mae and Freddie Mac created guideline that bankers follow. But its up to individual to accept the worst guidelines as possible. They have choices and not by force. It does not make sense blaming government when its all about freewill.

Thank God for American's freedom. We cannot just blame government for everything because it was created by individual. Not by one person. That the difference.
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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 said:
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?
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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.
 
jiro123 said:
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.
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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.
 
jiro123 said:
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.
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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.
 
Byrdie714 said:
But it goes to show that he isn't even aware of his financial holdings.
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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.
 
Tousi said:
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.
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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 said:
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.
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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 :topic: "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
 
jiro123 said:
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?
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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.....
 
Tousi said:
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.....
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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
 
Byrdie714 said:
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
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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.:roll:
 
Tousi said:
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.
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Absolutely.
 
Tousi said:
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.....
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It is a far too common occurrance.
 
jillio said:
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.
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:-o I knew it.... First time I looked at her with her nose high up in the sky, I shat in my pants.

jillio said:
Yet, we keep seeing people bring up the fact that Obama's father is Muslim.:roll:
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they should read Danny Westneat's article
 
Tousi said:
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.....
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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.
 
Tousi said:
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.....
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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.
 
jillio said:
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.
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Unfortunlately yes...

This link support about her drug addiction, etc.

snopes.com: Cindy McCain

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