Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 4:27 PM, Casey Dougall wrote: > 80% of all mortgages !!! > Adjustable rates are the problem People could afford the home > when they bought it but then the rates went up... It's stupid on their > end no doubt, but... We are in agreement here. A

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 4:15 PM, Ras Tafari wrote: > i think the housing dream and mark-up thats gone on for 80 years has > hit its ceiling, and we'll > never enjoy the investment that a house was for our g-parents and parents... As long as population continues to grow, and as long as populations

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

ummm that's 80% of subprime ended up actually being subprime On Wed, Feb 3, 2010 at 4:27 PM, Casey Dougall > > > http://en.wikipedia.org/wiki/Subprime_mortgage_crisis > Approximately 80% of U.S. mortgages issued in recent years to subprime > borrowers were adjustable-rate > mortgages

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

Make that 2. We are not upside down either. On Wed, Feb 3, 2010 at 4:08 PM, Cameron Childress wrote: > > On Wed, Feb 3, 2010 at 3:54 PM, Ras Tafari wrote: >> i know noone who has bought a house in the last 8 years who is not upside >> down, and i really do not believe we will see any of these h

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 3:09 PM, Cameron Childress wrote: > > On Wed, Feb 3, 2010 at 2:59 PM, Casey Dougall > wrote: > > Where is the reduction of government involvement read in that article? > > "Canada’s banking system also has been shielded by the fact that it > has less government interferenc

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

then you are the only one. and i really do not believe that. i just dont. i think the housing dream and mark-up thats gone on for 80 years has hit its ceiling, and we'll never enjoy the investment that a house was for our g-parents and parents... i hope im wrong. On Wed, Feb 3, 2010 at 4:08 PM

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 3:54 PM, Ras Tafari wrote: > i know noone who has bought a house in the last 8 years who is not upside > down, and i really do not believe we will see any of these houses EVER > be at their WAY BLOATED values of 5 years ago... EVER I hear you, but you do know one person wh

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

i know noone who has bought a house in the last 8 years who is not upside down, and i really do not believe we will see any of these houses EVER be at their WAY BLOATED values of 5 years ago... EVER On Wed, Feb 3, 2010 at 3:49 PM, Ras Tafari wrote: > im not sure this IS in fact good. > what is t

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

im not sure this IS in fact good. what is this country going to do with al the upside down values?? if they do not do something soon/fast we are all going to walk away from our homes... On Wed, Feb 3, 2010 at 3:09 PM, Cameron Childress wrote: > > On Wed, Feb 3, 2010 at 2:59 PM, Casey Dougall

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 2:59 PM, Casey Dougall wrote: > Where is the reduction of government involvement read in that article? "Canada’s banking system also has been shielded by the fact that it has less government interference in its mortgage market, unlike in the United States, where banks have

Re: Obama Suggests LESS Government Regulation in Mortgage Industry

On Wed, Feb 3, 2010 at 2:19 PM, Cameron Childress wrote: > > Interesting. So. getting the government involved in a private > business distorts it and damages it? You don't say?!?! > > This is effectively ***reducing*** government involvement in the > mortgage industry to fix it. Now, what

Obama Suggests LESS Government Regulation in Mortgage Industry

Interesting. So. getting the government involved in a private business distorts it and damages it? You don't say?!?! This is effectively ***reducing*** government involvement in the mortgage industry to fix it. Now, what other parts of our lives can we fix by getting the government out? h