The Mortgage Reform Bill Will Hurt More Americans Than It Helps – Do the Math

The Mortgage Reform Bill Will Hurt More Americans Than It Helps Do the Math

Let's reform the subprime mortgage industry. It seems like a fair enough statement is not it? It is with "Save the Whales" related, I mean really, who would not save a whale? The problem is that the author demands that we save the whales, the same author calls for mortgage reform and has literally no idea how the dynamics of the situation.

http://www.lenderstree.pannipa.com/2009/11/20/the-mortgage-reform-bill-will-hurt-more-americans-than-it-helps-do-the-math/

Regardless of the facts in this article, we will lose it, biased or made as per mortgage. Do not believe everythingRead beyond this point. Look up and verify these following facts on your own, and then call your representatives to stop this bill. The reform bill will make an already injured and crippled the banking system virtually impossible to get a mortgage for the average person.

Brokers and correspondent lenders originate Fifty percent of all mortgages. Like bread companies, department stores and grocery chains, they buy a product, select it, and sell them. Your product onlyhappens to be money. The more they highlight the more money it. Deserve However, if they label their products much as they are out of business by a lack of competitiveness. It's called a free market system, and most writers would write in order to save the whales vehemently against it.

In short, the legislators want to limit or even the ability to select for lenders and brokers to their product and sell it anymore. If that's not enough, the legislature wants to extend to allDebts incurred by the broker to the investor who buys the loans from them. This will effectively end these brokers and small loans in America.

If we apply this logic to other sectors. If your old car to trade in new and the dealer in turn sold it to another person, that person will now be able to sue you if you break your car. Stop, do the math. If the person who buys the car from the person you sold the car, you can sue you like your car to trade? Coarsenot, car dealers fall like flies, as banks will not be able to enforce this bill. Do you know who wins when to go, the smaller lenders and brokers out of business? That's right, the larger banks. Simple economics folks, if the demand remains stable, the supply is limited, what will happen to prices? Which customers will be served last? Do the math! To facilitate a correspondent lender and broker Fifty percent of all mortgage Originations. Hi, this is what up?

In 2002, Roy BarnesDemocrats and colleagues have the same type of legislation passed in Georgia GAFLA mentioned. Loans came to a standstill. Banks only loans and many of Georgia pulled out all together. Roy Barnes was struck down at the next election, was last GAFLA and resume lending. Telling companies that they can not make a profit, or how much she always has stagnated and competition harmful to consumers. O I am not asking you not to this writer word for it, research it. Do the math and homework. OnceThey have, please call your representative to stop this law

http://www.lenderstree.pannipa.com/2009/11/20/the-mortgage-reform-bill-will-hurt-more-americans-than-it-helps-do-the-math/

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