If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
A petition has been created by the founder of the Market Ticker forums to address the current abuses and absurdities associated with the mortgage industry and current structure of the mortgage market pyramid. It is now available to sign and submit to your Congressman.
To be honest, I don’t agree 100% with everything that is in the petition, but I do think it is better than anything else that is out there and represents the first concerted efforts to let politicians know how people for responsible lending feel on the issue of any type of mortgage bail out. Read the petition on responsible lending here; and if you agree with the spirit of the document I would recommend signing.
No one agrees 100% on the right way to fix this thing (or if it should be “fixed” at all) but I believe there is enough in this particular petition that we can all agree on to warrant signing. I personally have done so.
Let me know what you think and if you’re choosing to sign it or not!
Could not sign — this petition is nothing more than “industrial policy” for the finance industry — when governments start micromanaging business, we end up with huge failures — this petition belongs more in Burma where they try to manage everything (I’ve been there) and the entire country is a basket case. Just because we have a cold does not mean it makes sense to take an antibiotic.
Fatal error: Call to undefined function: ck_display_karma() in /nfs/c02/h06/mnt/23750/domains/blownmortgage.com/html/wp-content/themes/K2 v096/comments.php on line 76