Congresswoman Waters is CNBC's Squawk Appeared on the Street With hosts Erin Burnett and Mark Haines to fraud and collusion Chat The mortgage servicers of Some Likely That led to millions of Americans Wrongly Losing Their homes to foreclosure. The Congresswoman, Who chairs the Housing and Community Opportunity Subcommittee, reiterated Her call for a nationwide moratorium is foreclosures; Called For An investigation of allegations servicers That autorisée foreclosures Without Reviewing Individual Homeowners' boxes, and Previewed Her legislative solution to offer Homeowners loss mitigation, AVOID foreclosure, and Stay In Their Homes.
She is ridiculous. I am underwater on my mortgage but I am still making my payments. If for some reason my income changes alot and I cannot afford my house anymore I would have to go into foreclosure and rent. There is nothing wrong with renting. Who are these political representatives who defined the American dream as owning a home. It is stupid. She is trying to setup moral hazard. Prosecute fraud, don't try to fix people's decision - good or bad. That is not the government's job.
Posted on October 17, 2010
Emmett Solo says...
Everyone has to be held accountable; The banks, mortgage companies, Wall St and those who bought homes they couldn't afford.
There is a serious shortage of not only personal responsibility, but good, honest business practices.
