Comments on: Senate Delays Mortgage Bill That Study Finds Could ‘Significantly Lower The Rate Of Defaults’ http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jkfields http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/comment-page-1/#comment-125062 jkfields Tue, 17 Mar 2009 14:04:17 +0000 http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/#comment-125062 Suffering from lack of attention, Evan has gone Republican! Suffering from lack of attention, Evan has gone Republican!

]]> By: fletc3her http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/comment-page-1/#comment-124803 fletc3her Mon, 16 Mar 2009 23:54:32 +0000 http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/#comment-124803 The lenders had a responsibility to appraise the value of the property they were granting a loan on. We know that many lenders pushed the appraisers to justify the amount of the loan rather than to do an honest appraisal of the actual value of the property. I would argue that this makes those lenders as complicit as the home buyers in setting the price of the home far above its actual market value. Allowing a bankruptcy judge to alter the principal of the loan closer to the market value of the property seems a fitting punishment. The lenders had a responsibility to appraise the value of the property they were granting a loan on. We know that many lenders pushed the appraisers to justify the amount of the loan rather than to do an honest appraisal of the actual value of the property. I would argue that this makes those lenders as complicit as the home buyers in setting the price of the home far above its actual market value. Allowing a bankruptcy judge to alter the principal of the loan closer to the market value of the property seems a fitting punishment.

]]> By: Christian Seidler http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/comment-page-1/#comment-124343 Christian Seidler Mon, 16 Mar 2009 22:40:43 +0000 http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/#comment-124343 Blyh plans a presidential run in the future and he is positioning himself. One more individual that makes me sick over their personal agenda over what is good for the people in this country. Blyh plans a presidential run in the future and he is positioning himself. One more individual that makes me sick over their personal agenda over what is good for the people in this country.

]]> By: Kwillow http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/comment-page-1/#comment-124318 Kwillow Mon, 16 Mar 2009 22:06:36 +0000 http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/#comment-124318 But- but- don't you know? RICH people are buying up all those defaulted mortgages, really making a killing! How can Congress even suggest depriving them of their profits? But- but- don’t you know? RICH people are buying up all those defaulted mortgages, really making a killing! How can Congress even suggest depriving them of their profits?

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/comment-page-1/#comment-124302 stateofthedivision Mon, 16 Mar 2009 21:29:08 +0000 http://wonkroom.thinkprogress.org/2009/03/16/senate-mortgage/#comment-124302 Meanwhile Bayh's sponsor The Carlyle Group crams down debt holders with threatened bankruptcies. They buy back debt for 23 cents on the dollar while getting a Senate introduced tax break. How many mortgage holders get to buy a $100,000 mortgage for $23,000 and get a tax break to boot? Corporafornication lives. Evan Bayh's a sponsor. Meanwhile Bayh’s sponsor The Carlyle Group crams down debt holders with threatened bankruptcies. They buy back debt for 23 cents on the dollar while getting a Senate introduced tax break.

How many mortgage holders get to buy a $100,000 mortgage for $23,000 and get a tax break to boot?

Corporafornication lives. Evan Bayh’s a sponsor.

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