Comments on: Cummings, Tierney Urge Issa to Subpoena Documents from FHFA on Principal Reduction

By: lvent

lvent — Fri, 20 Jan 2012 02:55:45 +0000

Screw them!..our homes are paid for..because they committed hundreds of trillions in fraud off of our signatures and made hundreds of trillions off of that fraud and hid their profits and handed all of us the bill for all of their fraud…and they never recorded a legally enforceable lien..besides in order to reduce the principal or modify a loan your have to prove that your own it..and they can’t because legally they don’t…..and they never lent us any money…they never had any skin in the game…and as a result of the biggest financial coup de tat in American history…these sneaky crooks owe all of us hundreds of trillions in ill gotten gains..!

By: Jylly Jakes

Jylly Jakes — Wed, 18 Jan 2012 18:13:31 +0000

FHFA Acting Director De Marco is not acting to promote and preserve home ownership. He is acting in the best interests of the bank servicers that are foreclosing with fraudulent documents unjustly enriching themselves while De Marco protects their pillaging. Housing is directly tied to the health of the economy. There is zero evidence that investors and/or tax payers are better off under his warped policies. He will go down in history as the man that did the most to push America into a housing death spiral and adding years to economic recovery. Obama should do a recess appointment and get that grossly injurious man out of his ‘acting director’ position. Then he should be THOROUGHLY investigated for every decision he has made while in that position.

By: Pamela Edwards

Pamela Edwards — Wed, 18 Jan 2012 17:43:19 +0000

I agree with Charlie!!!!Occupy.

By: Barbra Orr

Barbra Orr — Wed, 18 Jan 2012 17:21:12 +0000

Analyses of principal reduction???? I wk in this industry and i would bet my paycheck there is not one. I have never ever seen a principal reduction by the banks. I have always wondered how a property that was worth $175,000 the owner was going to benefit from a modification on the first with a balance of $314,000 was helping? the payment was low enought, the rate was low enought but he would never be able to refi in his lifetime. The lender adds every fee imaginable, who is going to do anything about it??? How is giving a loan to an owner for $314,000 when the house is only worth $175,000 going to help the real estate market. All that needs to happen is some major medical situation. That modification amount has interest included so they are paying interest on top of interest but who is going to do something about it??? we would have a better chance calling “”” Ghost Busters”””. Lenders listen to no one.

By: Charlie Gunther

Charlie Gunther — Wed, 18 Jan 2012 17:08:14 +0000

A bankster lie that needs to be taken out back, and shot to death, is that principle reduction is “not in the interest of the taxpayers.” This is an absolutely insane statement considering the amount of money the “taxpayer” has already sacrificed for Wall Street! The “taxpayers”, if they actually had any say in the matter, would have the Banks obliterated, CEOs in leg irons and Fannie Mae would be entirely overhauled or destroyed,
NOT in the interest of the BANKSTERS! OCCUPY!