DISQUS

disgusted voter · 1 year ago

it will be interesting to see if Richardson gets off easy on the mortgage fraud charge because she is an elected official.

morganb · 1 year ago

I agree. If she indeed commit mortgage fraud I hope that she loses her seat
and is prosecuted in a similar manner as other specuvestors like Casey
Serin.

ann · 1 year ago

That is all fine and nice...but hey..not fair I say..why?..what about the hundreds of thousands of "real estate investors, mortgage brokers, appraisers, realtors, lenders..." who have devalued a huge slice of the American Dream..what about whole communities that have multiple foreclosures by the same set of "investors" who have made the mom and pops who have paid their mortgage, didn't lie and did nothing wrong pay the price...where is their justice?..If we are going to start going after the "headliners" then we need to go after everyone who played a much more significant role in this..people who have made headlines of foreclosures of multiple properties with loses that exceed more than a million dollars..

I already know of a borrower is in the mist of defaulting on several million dollars worth of loans in another state who is enjoying life in their McMansion in NC(paid $1.5Mill for it)...are they going to pay anything or are they just going to sip wine and wait the 5-7 years before it is off their credit...

morganb · 1 year ago

i agree 100% with you Ann. everyone should be prosecuted equally. it is
just a bit unnerving to have an elected official influencing key legislation
on a housing bailout who themselves is a 3-home defaulting specuvestor from
california. she is certainly not representing everyone's interest.

repo4sale · 1 year ago

What can you expect from a LIAR in Political Office? LIKE "DUH"????

Tuma · 1 year ago

I wish the feds could go after all the scums - the realtors, loan officers, straw buyers, appraisers etc but that would take yrs and manpower which the feds don't have. The best way for the feds avoild this in the future is to allow the spec real estate market to crash and burn. no bailouts. join us at www.angryrenter.com to register your outrage.

azrob · 1 year ago

A recent court case went agains a bank, trying to collect a deficiency on a stated income loan. The banks COULD have checked the income, and the loan officers were quite often complicit in faking the income. So, while there will no doubt be a bailout and a handout to thousands of others just like her, it would hardly be fair to prosecute some borrowers and give others workouts, when they all did the same thng.

SM Home Sellers in Trouble · 1 year ago

No wonder these "representatives" are so into housing bailouts. They need the bailout themselves!

Booba · 1 year ago

That is all fine and nice...but hey..not fair I say..why?..what about the hundreds of thousands of "real estate investors, mortgage brokers, appraisers, realtors, lenders..."
----------------------------------------------
Can't you see the difference? She is a lawmaker, so she must be prosecuted first if she lied!
Whay do you think she along with other lawmakers are so desperate to sell us the idea to "help struggled homeowners"? She does it becuase she is one of those greedy irresponsible borrowers.
Clinton, Obama, Frank, Dodd and now McCain do that because they want to be "nice" to their fat sponsors: Wall St. speculators and real estate gang!
Do you really believe that they care of those handful of loosers that loosing homes that they never own anyway?