This is just too good not to share. Creative, funny and not too technical, it’s a good way to gain a better understanding of why we are where we are. Hat tip to David Liebowitz for this one.
8934 items (5904 unread) in 34 feeds
LEGAL DISCLAIMER:
Content contained on or made available through the Web site is not intended to and does not constitute legal advice and no attorney-client relationship is formed. By using the blog, you agree that the information on this blog does not constitute legal or other professional advice and no attorney-client or other relationship is created. The accuracy, completeness, adequacy or currency of the Content is not warranted or guaranteed. The opinions expressed at or through the blog are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney and do not reflect those of the ABI. Your use of information on the Web site or materials linked from the Web site is at your own risk.
This is just too good not to share. Creative, funny and not too technical, it’s a good way to gain a better understanding of why we are where we are. Hat tip to David Liebowitz for this one.
The U.S. House of Representatives has postponed a vote on the Help for Homeowners Act, apparently because of fears there weren’t enough votes to pass. Clearly, mortgage industry lobbyists are having an effect. My colleague David Liebowitz expressed the frustration of many proponents of the legislation:
I am extremely disappointed with the Democratic House leadership. They did not lead [on foreclosure relief] and they allowed their members to be led by special interests. I don’t think that any banks voted any of these representatives into office.
Check out David’s explanation of the proposed changes to the law on Fox Business News. As he points out, the legislation provides an efficient way of recognizing the realities of the market without costing homeowners their homes. It has a natural sunset, since it affects only existing loans. Best of all, it won’t cost taxpayers–it’s not another bailout. Supporters of the legislation include AARP, realtors, and of course, consumer advocates. Even Citi Group supports the legislation.
Who is your Congressman listening to? You might want to ask.