"Setting rates at artificial levels and simultaneously cramming onerous, duplicative and inefficient (not to mention ineffective) regulations and regulatory agencies down the industry's throat probably has a little to do with why mortgage lending is an albatross around the economy's neck. Bernanke et al need only look in the mirror for the source of the majority of our problems."    View Comment

"And yet, we are stuck with all this legislation designed to chase ghosts to suffocate the industry - nice theme for a future senior thesis titled "The Law Of Unintended Consequences", but a monumental tragedy nonetheless. Nice work career politicians from both sides of the aisle."    View Comment

"A program that will allow an LTV over 100% with a 50 back end, but not a 10% LTV with a 60 back end is a program that was rolled out with no thoughts other than political, and will fail just like all the others."    View Comment

"Funny how the govt. spent billions on one hand to make mortgage rates lower, then makes them more expensive with the other hand. If that doesn't speak volumes toward the general incompetence and inefficiencies of govt. and the laws of unintended consequences I don't know what does."    View Comment

"This program isn’t designed to assist underwater homeowners, it’s another taxpayer bailout of fannie and freddie. Why focus on people just underwater, and not those that have equity but also can’t refinance (because of ratios, credit, stupid underwriting, etc. etc. etc. ad infinitim)? (Also, why not at least request lenders holding non fannie and freddie paper to also participate?) Because, guess who’s more likely to walk from their property because they can’t refinance – someone underwater, or someone..."    View Comment