Maybe he will help the homeowners of Lake of the Ozarks MOand the thousands of foreclosures that will be FORCED by Ferc/AMEREN. Then they will be followed by bankruptcies. Maybe he might listen since obviously the White House is not! This will then follow to all other shorelines in the country.

I hope he can stop Obama. Obama has ravaged the country and increased the poverty rate to the highest level in history.

Unemployment among blacks and hispanics is 11% & 16%. Something must be done to get Obama out of office, I hope Cummings can help the poor and everyone else in this. Obama should step down that would be the dignified thing to do or like LBJ relieve Americans by telling them he will not run again.

Infrastructure jobs should have meant insulating every building in a American to lower electric utility costs monthly for businesses and home and apartment residents. Not tar on top of tar roads. Energy conservation comes first.

This would have increased home equity. Set up a Green Credit Card for insulation, solar hot-air heating, photovoltaic power... Then banks would have a way to raise the value of the home mortgages they hold.

I am pleased to see an article about a member of our Congress actually attempting to REPRESENT people in his district. He is actively advocating for the people who elected him. In other words, he's doing his job-- even if it requires speaking ill of people who "outrank" him. Would that others would attempt the same.

cummings fight is to keep the administration out of jail for fast and furious.

DocinPA: Nov. 7, 2011 - 5:50 AM EST

Oh, and I like how you devote so much of your time and criticism to originators of this whole catastrophe, namely Fannie and Freddie.

And, let's not let those who took out those mortgages they knew full well they couldn't afford. Nobody forced them to sign on the dotted line. We are all responsible for our own decisions and actions. Betting and losing on the housing market and people's desire to live beyond their means are what is at he base of the housing debacle.

Liberal hacks like Cummings force banks to give loans to people with no down payment,and a bad credit history, on houses they could never afford. Then squall for the government to interfere when the bank is forced to repossess the collateral.

Racist pig!

TeamPOLITICO: Nov. 6, 2011 - 11:15 PM EST

“The mortgage company brings their computers; the homeowner brings hardship letters, statements about income, loss of a job, things of that nature, tax returns,” he said. “And they actually sit down and work out a deal.”

Notice he did NOT say the BANK.

He said "Mortgage Company"........Fannie Mae is what he is avoiding... but what he means.

He needs to investigate Fannie/Freddie ....BUT...He won't.

He WON'T investigate his buddie Barney Frank.

He won't accept the fact that ACORN and the NAACP pushed for lending to PEOPLE who wanted NINJA loans.

Everyone wants the housing to become better and the economy will NOT become better until it does.

Cummings is blowing smoke about "WHO" is to blame.

I don't want to PAY for someones house...... when they spend their money on Apples latest gadget or some Concert they want to attend.

People need to pay their Mortgage FIRST.

Cummings needs to speak OUT about the arm twisting that led to this mess and he can start with Barney Frank.

Congressman Elijah E. Cummings, Ranking Member of the House Oversight and Government Reform Committee, in letters co-signed by 27 Members of Congress, wrote to President Obama, the Federal Housing Finance Agency (FHFA), and the Department of Veterans Affairs (VA) urging the Administration to expand protections for struggling homeowners.

Last month, the Administration announced that it was extending to 12 months the forbearance period for unemployed homeowners with mortgages insured by the Federal Housing Administration (FHA) or serviced by mortgage servicers participating in the Making Home Affordable (MHA) program.

Cummings’ letters commended the Administration for these actions and asked that this extended forbearance period also be applied to homeowners with mortgages owned or insured by other agencies and entities across the federal government, including FHFA and VA.
http://cummings.house.gov/2011...

People who were allowed to purchase homes with no income verification and have not payed their mortgages are now allowed to stay in these homes without paying for an additional year because of Cummings and other Democrats efforts. The huge cost of this is entirely at taxpayer's expense and does nothing to improve the government induced problem. The program provides no long-term solution and does not keep people in homes in the long-term.

Cummmings blames lenders and Wall Street for duping buyers of mortgages while excusing the policies of government requiring banks to extend these loans. He ignores the corruption and political control of Fannie Mae and Freddie Mac. He ignores the fact that the Clinton administration removed restrictions on banks to bundle derivatives and contributed to the crisis.

Cummings and other Democrats look for more and more ways for taxpayers to support and continue to pay to keep people in homes they do not now or will in the future be able to afford. Cummings is fighting to extend the problem that he is greatly responsible for in the first place. Cummings sets himself up as the defender of homeowners, ignoring his role in causing the problem. Given half a chance Cummings would repeat the programs that led to the subprime mortgage meltdown.

Former Pres. Bill Clinton, “I think the responsibilty that the Democrats have may rest more in resisting any efforts by Republicans in the congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

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