I can tel you why!!!
Obama, HVCC (Google it) and this nasty Dodd Frank Reform Act!! (Google it)
I didn't vote for him the first time, however, like most everyone I know, I wanted to see him do a good job! But this has not been the case as his Failed Policies has made a bad situation he took over in 2008 at least 10 times worse due to all these new Crippling, Massive over regulation of the Mortgage Industry as well as just about all business in America!
Everyone who is left in the Mortgage Industry has been living a Nightmare trying to help consumers get loans under this Crushing Over Regulation (i.e. The Dodd/Frank Act, a.k.a. Death Star for Business and the Self Employed and HVCC Appraisal Laws brain child of the Gov. of NY Andrew Cuomo, a.k.a. Americaâ€™s Trillion Dollar Equity Killer) inflicted on America from this administration and democrats, all in the name of â€œHope and Change!â€
More like A Clown Car Full of Freakâ€™n Horrors is what itâ€™s all turned out to be for America!
Most who know the facts of what really has happened feel the below are some of the main ones to blame for the melt down! Would you say that these people being allowed to remain in government positions is the equivalent to allowing known child molesters to keep their jobs at the day care?
Watch the below, Sickening!
Barney Frank- http://www.youtube.com/watch?v=LPSDnGMzIdo
Maxine Waters- http://www.youtube.com/watch?v=m9W_6U7GRrI&feature=related
Nancy Pelosi - http://www.youtube.com/watch?v=NJiQRe8Mqao&feature=related
Because of people like the above, we are where we are, but in effort to cover their tracks and divert attention away from what they helped cause, this administration allowed Barney Frank and Chris Dodd, 2 of the main culprits of this whole mess to inflict yet another crippling blow to America with this absurd Dodd/Frank Act!
Hereâ€™s an analogy of whatâ€™s now happened: Itâ€™s like people with no knowledge of Nuclear Power going into the control room of a Nuclear Power Plant and randomly flipping switched, turning knobs and shutting off valvesâ€¦all in the name of â€œChangeâ€ without any regards to the consequences or unintended effects!
This anti-self-employed, anti-business, anti-American bill as had terrible effects on the American housing recovery! It has driven thousands of very knowledgeable people from their careers, caused countless more foreclosures, raised the costs of all loans across the board by as much as $1,200 to $2,200, has almost tripled the time it takes to close a loan, has increased confusing disclosures by almost double as well as made them even more confusing for consumers, has eliminated vital loan programs that would help the recovery, has eliminated options for consumers to have their closing costs paid, and the list goes on and on!
But people say, â€œWell the Banks are just not loaning money!â€ Really? I despise the big banks too, but this administrationâ€™s HORRENDOUS Over Regulation has forced banks NOT to lend for fear of Government Penalties! Can you blame them?
You have the Consumers, Lenders, Mortgage Brokers, Processors, Realtors, Title Agents, Appraisers all in the boat rowing as hard as we can with the Government in the back yellingâ€¦Strokeâ€¦Strokeâ€¦Stroke, all the while PUNCHING HOLES in the bottom of the boat! Not even the Enemies of America could have done a better job in crippling the housing market recovery and business in America!
We now got 4 more years of this â€œHope and Change!â€ If you voted for him, you got a lot more of the â€œChangeâ€ above coming at you!
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