Reward...well we probably won't see one? You may ask for what, Jay....why should we receive an award? Well, you are probably like me and over 90% of mortgage holders in the U.S.. We, you an I, and the other 90+% of us....we pay our mortgages!
Our mortgages that we work so hard to pay to our lenders, many of which also have "other" customers....yes, you know the ones. These are the customers that don't pay their mortgage's, the same people that were approved a few years back (in the good 'ole days), of course through "no fault of their own". Of course they didn't know that a combined salary of $50,000 a year couldn't support mortgage payments on a home valued/bought for $600,000...of course they didn't realize that they along with deceptive loan officers and underwriters, may have "just mistakenly" slipped a "1" in front of the $50,000...in the application.I do understand that ARM's (not in the anatomical) in lending terms can be confusing on the surface, and maybe a thorough understanding of such a "magical" loan should have been explained/explored....maybe even read by the borrower? I understand there are/were less than professional real estate sales people, many unethical mortgage brokers...and a whole lot of home buyers that are now pleading ignorance/confusion/being "hoodwinked" and or all of the above.
Well, the government believes you, and we (the other ones...the ones that pay our mortgage(s), and pay our taxe(S)will support you ,all the while paying for the mistakes, lies, poor decisions, illegal practices of others.
President Obama, Speaker Pelosi....Representatives and Senators I...WE, ask where is our reward for playing by the rules?
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