Comments on: Obama or McCain: Who Is Better For The Reverse Mortgage Business? http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/ Reverse Mortgage News and Information Thu, 24 May 2012 20:46:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Stephen Senter http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-9174 Stephen Senter Sat, 04 Oct 2008 11:05:28 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-9174 What the President can do anywhere? When a cycle of a market come to an End. Greed is the final stage of a market. This is coming for 15 years in the Clinton's years. So why not blame Clinton for the mess we are in! Now we have ride it out you can tell me the president of the bank can't figure this out the real estate value will goes down and stop reverse mortgage or reduce the value! What the President can do anywhere? When a cycle of a market come to an End. Greed is the final stage of a market. This is coming for 15 years in the Clinton’s years. So why not blame Clinton for the mess we are in! Now we have ride it out you can tell me the president of the bank can’t figure this out the real estate value will goes down and stop reverse mortgage or reduce the value!

]]> By: John S http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-9089 John S Thu, 02 Oct 2008 19:40:56 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-9089 FHA Reform (including Hecm loans) was introduced in 2006 by House Republicans. In 2007 reintroduced by House Democrats. Finally in July 2008 it passed. Both sides have shaped things. Without the bipartisan support this bill would not have passed. The reverse mortgage program can thank, Barney Frank, Chris Dodd, Richard Shelby, Mel Martinez and a host of others in both the House & Senate.Obama or McCain does not matter, cooperation between Dems & Republicans on issues concerning seniors does. FHA Reform (including Hecm loans) was introduced in 2006 by House Republicans. In 2007 reintroduced by House Democrats. Finally in July 2008 it passed. Both sides have shaped things. Without the bipartisan support this bill would not have passed. The reverse mortgage program can thank, Barney Frank, Chris Dodd, Richard Shelby, Mel Martinez and a host of others in both the House & Senate.Obama or McCain does not matter, cooperation between Dems & Republicans on issues concerning seniors does.

]]> By: Bob Libby http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-9020 Bob Libby Wed, 01 Oct 2008 15:57:53 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-9020 Although I know you all make more than $250K, so you will vote for McCain to reap the tax benefits, We all know that the sub-prime crisis was caused by capitalism run wild. We cannot allow the mortgage industry or Wall Street geniuses loose to invent new ways to screw up the system. We need regulation, which Obama is for. By the way his financial advisors are Paul Volker and Robert Rubin, two highly respected people, vs. McCain's Carlie Fiorina, a failed CEO? Give me a break. You don't make $250K! Wake up we can't take more or this no-regulation policy. Although I know you all make more than $250K, so you will vote for McCain to reap the tax benefits, We all know that the sub-prime crisis was caused by capitalism run wild. We cannot allow the mortgage industry or Wall Street geniuses loose to invent new ways to screw up the system. We need regulation, which Obama is for. By the way his financial advisors are Paul Volker and Robert Rubin, two highly respected people, vs. McCain’s Carlie Fiorina, a failed CEO? Give me a break.
You don’t make $250K! Wake up we can’t take more or this no-regulation policy.

]]> By: Larry http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-8990 Larry Wed, 01 Oct 2008 03:24:11 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-8990 While neither is perfect,nor ideal, I believe that McCain will do a better job of bringing both parties together. He has a record of doing that. Obama does not. I'm afraid that Oboma will toe the party line and rubber stamp every socialist agenda that comes out of the House and Senate. I'm also afraid that the Republicans will do the same thing that the Democrats have done during the entire Bush era, vote the party line and disrail any meaningful legislation. I would think that if the Democrats really thought about it, they would want McCain. If legislation that passes works, they can claim credit and if it fails they can blame the new "This Administration", like they have with every other problem in this country. As an example, I seem to recall that it was Bush who said over and over that Fannie and Freddie should NOT take on more risk and Barny Frank and others who stated over and over that home ownership should be available for more disadvantaged borrowers and that Fannie and Freddie should shoulder more of the burden that Wall Street didn't want. Well, they won and now Govt. is bigger. Gee, maybe that's what they wanted all along... While neither is perfect,nor ideal, I believe that McCain will do a better job of bringing both parties together. He has a record of doing that. Obama does not.

I’m afraid that Oboma will toe the party line and rubber stamp every socialist agenda that comes out of the House and Senate.

I’m also afraid that the Republicans will do the same thing that the Democrats have done during the entire Bush era, vote the party line and disrail any meaningful legislation.

I would think that if the Democrats really thought about it, they would want McCain. If legislation that passes works, they can claim credit and if it fails they can blame the new “This Administration”, like they have with every other problem in this country.

As an example, I seem to recall that it was Bush who said over and over that Fannie and Freddie should NOT take on more risk and Barny Frank and others who stated over and over that home ownership should be available for more disadvantaged borrowers and that Fannie and Freddie should shoulder more of the burden that Wall Street didn’t want. Well, they won and now Govt. is bigger. Gee, maybe that’s what they wanted all along…

]]> By: Chrys Barnes http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-8983 Chrys Barnes Wed, 01 Oct 2008 00:26:31 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-8983 People...anyone who still believe the whole "Republicans are good for business" line of BS is living in some kind of Ozzie and Harriet past that never existed. Wake up! Don't be fool enough to believe the phoney promises that a vote for the Republicans means anyone in business will be on easy street. Are we on easy street NOW? We'll still be able to make plenty of money under a Democratic administration, and the rest of the American public won't be in economic freefall in exchange for that privelge. This is the most dysfunctional economy I have EVER seen in my life and I am 56 years old. Obama is one smart cookie and clearly has the ability and motivation to listen to input from advisors and experts. I have every confidence that, if elected, he will be a very quick study on mortgage issues. Let's make sure to communicate the needs of the reverse mortgage industry as he formulates his economic program. Stay active and be heard. Don't expect Obama, or anyone, to magically know what's going on in a particular industry. Let's make it OUR priority to educate him. Get on his website and email him often. People…anyone who still believe the whole “Republicans are good for business” line of BS is living in some kind of Ozzie and Harriet past that never existed. Wake up! Don’t be fool enough to believe the phoney promises that a vote for the Republicans means anyone in business will be on easy street. Are we on easy street NOW? We’ll still be able to make plenty of money under a Democratic administration, and the rest of the American public won’t be in economic freefall in exchange for that privelge. This is the most dysfunctional economy I have EVER seen in my life and I am 56 years old. Obama is one smart cookie and clearly has the ability and motivation to listen to input from advisors and experts. I have every confidence that, if elected, he will be a very quick study on mortgage issues. Let’s make sure to communicate the needs of the reverse mortgage industry as he formulates his economic program. Stay active and be heard. Don’t expect Obama, or anyone, to magically know what’s going on in a particular industry. Let’s make it OUR priority to educate him. Get on his website and email him often.

]]> By: John S http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-8981 John S Tue, 30 Sep 2008 23:45:55 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-8981 For the record former Republican congressman from Georgia, Bob Barr did cosponser a bill along with 155 other members. HR1776 "To expand homeownership in the US". Section 208 does mention help for HECM borrowers. He does not have anything better to offer then the other presidential hopefuls regarding reverse mortgage borrowers. It does not matter who wins, Barney will decide. For the record former Republican congressman from Georgia, Bob Barr did cosponser a bill along with 155 other members. HR1776 “To expand homeownership in the US”. Section 208 does mention help for HECM borrowers. He does not have anything better to offer then the other presidential hopefuls regarding reverse mortgage borrowers. It does not matter who wins, Barney will decide.

]]> By: Denver http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-8979 Denver Tue, 30 Sep 2008 22:37:09 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-8979 Too much bickering not enough action. Don't they realize that they're both cut from the same cloth. Too much bickering not enough action. Don’t they realize that they’re both cut from the same cloth.

]]> By: DJ http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/comment-page-1/#comment-8972 DJ Tue, 30 Sep 2008 20:34:40 +0000 http://reversemortgagedaily.com/2008/09/29/obama-or-mccain-who-is-better-for-the-reverse-mortgage-business/#comment-8972 The Republicrats will just offer more of the same. Break the habit of choosing the lesser of 2 evils as you are still voting for evil! www.bobbarr2008.com The Republicrats will just offer more of the same.

Break the habit of choosing the lesser of 2 evils as you are still voting for evil!

http://www.bobbarr2008.com

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