Comments on: Frank calls for restructuring of the mortgage servicing industry if servicers fail to cooperate http://loanworkout.org/2008/07/frank-calls-for-restructuring-of-the-mortgage-servicing-industry-if-servicers-fail-to-cooperate/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: simms_JD http://loanworkout.org/2008/07/frank-calls-for-restructuring-of-the-mortgage-servicing-industry-if-servicers-fail-to-cooperate/#comment-11923 simms_JD Sat, 15 Nov 2008 17:22:54 +0000 http://loanworkout.org/?p=662#comment-11923 I urge all Americans to search and find the 2004 Senate hearings where MAXINE WATERS AND BARNEY FRANK acted like F MAE and F MAC were indestructible and laughed at the thought of more regulation for these institutions. Now that the election is over lets concentrate on getting these politicians thrown out of office. Barney Frank and Maxine Waters should be the first to go. They have cost this Country billions of dollars and thousands of jobs. THEY NEED TO BE HELD ACOUNTABLE!!!!!!!! I urge all Americans to search and find the 2004 Senate hearings where MAXINE WATERS AND BARNEY FRANK acted like F MAE and F MAC were indestructible and laughed at the thought of more regulation for these institutions. Now that the election is over lets concentrate on getting these politicians thrown out of office. Barney Frank and Maxine Waters should be the first to go. They have cost this Country billions of dollars and thousands of jobs. THEY NEED TO BE HELD ACOUNTABLE!!!!!!!!

]]> By: Crash Davis http://loanworkout.org/2008/07/frank-calls-for-restructuring-of-the-mortgage-servicing-industry-if-servicers-fail-to-cooperate/#comment-11754 Crash Davis Tue, 29 Jul 2008 17:50:34 +0000 http://loanworkout.org/?p=662#comment-11754 Barney Frank - i am a conservitive but I trust that he has tried to do what is right, Plus his state is not a major cause of the problems we are having. He has earned the benefit of the doubt. I disagree with him but I think he is truely trying to serve the country. Mellow out some of his policies and I will vote for him. Maxine Waters - throw her out. California has know about the mortgage issue since 1988 when the first correction happened. Alt A / Subprime was created to solve it. She plays ignorant but no way is it true. She has faught long and hard for the benefits of the sub prime mortgages. The main reason the were created was to help homeowners in California to be able to buy a home. Housing prices are the cause. She has benefited thru her constituants over the years and fought to protect that industry. Only an idiot can look and not see when only 12 % of the median households in CA. can afford to buy a median priced home. Payment figured only. NATIONAL HOUSING AFFORDABILITY INDEX. Stable states are between 40% and 75%. THE last big property crash was in 1988 when it dropped below 20%, then it went back up to 40%. She wanted those loans so her constiuents could by homes and profit from them. No she is crying. 2007 it was 12 %, 2003 it was under 20%. JUST ANOTHER SELF SERVING POLITIAN. Frank has earned the benefit of the doubt, Maxine has abused it. THROW HER OUT. She knew it and if she did not she is to irresponcible to serve or to stupid. Either way she needs to be replaced. VOTE HER OUT. Barney Frank – i am a conservitive but I trust that he has tried to do what is right, Plus his state is not a major cause of the problems we are having. He has earned the benefit of the doubt. I disagree with him but I think he is truely trying to serve the country. Mellow out some of his policies and I will vote for him.

Maxine Waters – throw her out. California has know about the mortgage issue since 1988 when the first correction happened. Alt A / Subprime was created to solve it.

She plays ignorant but no way is it true. She has faught long and hard for the benefits of the sub prime mortgages. The main reason the were created was to help homeowners in California to be able to buy a home.
Housing prices are the cause. She has benefited thru her constituants over the years and fought to protect that industry. Only an idiot can look and not see when only 12 % of the median households in CA. can afford to buy a median priced home. Payment figured only. NATIONAL HOUSING AFFORDABILITY INDEX.

Stable states are between 40% and 75%.

THE last big property crash was in 1988 when it dropped below 20%, then it went back up to 40%. She wanted those loans so her constiuents could by homes and profit from them. No she is crying.
2007 it was 12 %, 2003 it was under 20%.

JUST ANOTHER SELF SERVING POLITIAN. Frank has earned the benefit of the doubt, Maxine has abused it. THROW HER OUT.

She knew it and if she did not she is to irresponcible to serve or to stupid. Either way she needs to be replaced. VOTE HER OUT.

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