Comments on: Should the FHA Turn Into the “FEMA” of the Mortgage Crisis? http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Brenda Keener http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html/comment-page-1#comment-4920 Brenda Keener Fri, 13 Jun 2008 14:41:59 +0000 http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html#comment-4920 I completely agree - we should leave the free market alone, but at the same time, there should be some relief for people hurt by deceptive practices. Which branch of the government should deal with this? I believe the local and state governments should take the lead in making the guilty parties - not the government - pay for what they did. A return to fiscal conservatism was badly needed in the mortgage industry, but the bubble caused lots of "rule bending" which we are now paying for. I completely agree – we should leave the free market alone, but at the same time, there should be some relief for people hurt by deceptive practices. Which branch of the government should deal with this? I believe the local and state governments should take the lead in making the guilty parties – not the government – pay for what they did.

A return to fiscal conservatism was badly needed in the mortgage industry, but the bubble caused lots of “rule bending” which we are now paying for.

]]> By: San Mateo Home Sellers in Trouble http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html/comment-page-1#comment-4912 San Mateo Home Sellers in Trouble Thu, 12 Jun 2008 17:20:27 +0000 http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html#comment-4912 I think the speech made by Montgomery is very sensible, but unfortunately it seems that very few sensible people are listened to in the government. I for one don't think that the government has a need to directly intervene with the free market. Their role is to make rules, but not actually mess with the transactions and "fix" deals gone bad. Rules of disclosure and more education would be a lot more helpful than just pouring money to people who do not deserve it. I think the speech made by Montgomery is very sensible, but unfortunately it seems that very few sensible people are listened to in the government. I for one don’t think that the government has a need to directly intervene with the free market. Their role is to make rules, but not actually mess with the transactions and “fix” deals gone bad. Rules of disclosure and more education would be a lot more helpful than just pouring money to people who do not deserve it.

]]> By: Is The FHA Being Asked to Do Too Much? - Mortgage Rate News http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html/comment-page-1#comment-4908 Is The FHA Being Asked to Do Too Much? - Mortgage Rate News Thu, 12 Jun 2008 15:38:09 +0000 http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html#comment-4908 [...] Montgomery does think that there are steps that could be taken. The Redfin blog reports on what the FHA chief things could be done: The full text of Montgomery’s speech points to the need for more fiscal conservativism - simple [...] [...] Montgomery does think that there are steps that could be taken. The Redfin blog reports on what the FHA chief things could be done: The full text of Montgomery’s speech points to the need for more fiscal conservativism – simple [...]

]]> By: brenda.keener http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html/comment-page-1#comment-4907 brenda.keener Thu, 12 Jun 2008 14:34:12 +0000 http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html#comment-4907 Needing help - and getting help - are two different things. This sentence was only meant to show that they need help. If FHA helped all of them, it could create major problems for the agency. Needing help – and getting help – are two different things. This sentence was only meant to show that they need help. If FHA helped all of them, it could create major problems for the agency.

]]> By: dan http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html/comment-page-1#comment-4903 dan Thu, 12 Jun 2008 04:29:34 +0000 http://blog.redfin.com/sfbay/2008/06/should_the_fha_turn_into_the_fema_of_the_mortgage_crisis.html#comment-4903 why do you have to assume they need help from the government? i could use help from the government to pay my rent. where's my bailout? "These things will certainly help us in the future - but here and now, we are faced with an overwhelming amount of mortgages in trouble who need help from a government agency." why do you have to assume they need help from the government? i could use help from the government to pay my rent. where’s my bailout?

“These things will certainly help us in the future – but here and now, we are faced with an overwhelming amount of mortgages in trouble who need help from a government agency.”

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