Petition to Correct the Wrongs in Current Mortgage Industry

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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!