Do you think any of these things mentioned here is a true real major contributor to foreclosure cris

The Fed is considering:

_barring lenders from penalizing subprime borrowers 鈥?those with spotty credit or low incomes 鈥?who pay their loans off early.

_forcing lenders to make sure that borrowers, especially subprime borrowers, set aside money to pay for taxes and insurance.

_restricting loans that do not require proof of a borrower%26#039;s income.

_examining lenders%26#039; failure, in some cases, to consider a borrower%26#039;s ability to repay a home loan.

_improving financial disclosure so people better understand the terms and conditions of their mortgages and get this information when it is most useful.

_curtailing abuses in mortgage advertising.

%26quot;We have an obligation to prevent fraud and abusive lending,%26quot; the Fed chairman, Ben Bernanke, said earlier this year. %26quot;At the same time, we must tread carefully so as not to suppress responsible lending or eliminate refinancing opportunities for subprime borrowers.%26#039;

--ALSO prepayment penalties was mentioned

Do you think any of these things mentioned here is a true real major contributor to foreclosure crisis?school loans

I grew up here:

http://www.nytimes.com/2007/09/02/busine...

My perspective...

It was a working class suburb. It was a place where people lived on their way up...middle class married families, small business owners and factory workers.

After the manufacturing sector in Cleveland went down a lot of people lost their jobs. A lot of people got laid off. A lot of American businesses closed. Call center jobs went to India. Manufacturing jobs went to China. Some people refinanced to survive and readjust. Some people did it desperately and in a hurry. 5 years later the ARM strangles them.

One out of three houses in my hometown is being foreclosed.

Do you think any of these things mentioned here is a true real major contributor to foreclosure crisis?

loan

The biggest problem was the increase in payments to creditors that the feds decided to inact.|||People are struggling because they did not think things through when getting loans. ARMS are death traps. You can never count on having the money to pay higher rates. Always go for a fixed rate.|||The %26quot;Crisis%26quot; is being overblown for political reasons.

People are responsible for their actions. If they take on a mortgage they can%26#039;t afford it%26#039;s their problem, not mine.The holders of the mortgages should bear the cost of the failed loans. Why should we subsidize people so they can stay in homes they can%26#039;t afford? Why should we bail out the lenders who made these loans?|||most of it goes back to Liberals in government forcing lending institutions to give mortgages to unsuitable people who forced them to give them a loan by using the race card....%26#039;they wont give me a house because I%26#039;m black%26quot;...its coming home to roost on the Dem table and they are trying to pass the buck|||A lot of what you say would help but this will not stop peoples greed. While the housing market was good a lot of people bought over priced houses to live in or rent out not caring about the ARM mortgage and the consequence it held. Feeling sure they could flip them in a year or so and make some big bucks. Now that the housing balloon has popped and they are stuck with over priced house and their loan rates have gone up. So they lost.|||Yea well...Where were the dickheads when all this was occurring in full swing? It%26#039;s time to send the FEDERAL RESERVE BANK to packing. They%26#039;re so full of ****. Notice after the fact they take notice? Bullshit. This was planned from the word go.|||based upon your condition,I think you should find something useful here.http://homeloan.online-assistant.info/lo...