I would like to negotiate debt settlements and get them to show paid as agreed,

Credit and mortgage advice Forums Consumer Credit Debt Settlement I would like to negotiate debt settlements and get them to show paid as agreed,

This topic contains 20 replies, has 3 voices, and was last updated by  Anonymous 7 years, 11 months ago.

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  • #413547


    He pushed for home loans to poor people. The question is was it to make lobbyists happy or was it to get votes?

    shawnLac… : Clinton left with a recession. It is called the “Clinton Recession” “Bush inherited Clinton’s recession – iReport.com”

    Federal Reserve chart

    Also, Clinton ignored a government report that said bank derivatives were dangerous to the economy. He also threatened to fine banks that were not giving loans to poor people.

    In 1997 Clinton “actively sponsored ” risky home loans :
    “”…rapid growth in affordable-loan programs and subprime lending…”
    “The growth in these [special loan] programs has been actively sponsored by the Clinton administration “
    “The currently strong housing market is due in part to the initiation of a wide variety of affordable home-loan programs. These programs are intended to benefit low-income and minority households and neighborhoods through more flexible underwriting policies. These policies include low-downpayment requirements, higher acceptable ratios of debt payment to income, the use of alternative credit history information such as records of payments for rent and utilities, flexible employment standards, and reduced cash reserve requirements. The growth in these programs has been actively sponsored by the *** Clinton administration *** in a concerted effort to raise home-ownership rates.”
    Mortgage Banking [News] – Aug 1, 1997

    Clinton’s Freddie Mac changes:
    “Freddie Mac, one of the primary government-sponsored enterprises involved in the purchase of mortgages, recently announced plans to enter the secondary market in subprime loans by purchasing significant numbers of “A minus” subprime mortgages by 1998 and the higher-risk “B and C” loans by 1999.(20) “

    One of Clinton’s changes to foreclosure insurance ( that protected banks ).
    “On June 6, 1996, President Clinton announced that he had directed FHA to reduce the up-front mortgage insurance premium (UFMIP) for first-time homebuyers who receive housing counseling”

    Since 2001, President Bush warned of the problem and put forward plans to fix Fannie Mae and Freddie Mac:

    In 2003, “Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago””

  • #413548


    the Clintons are evil

  • #413549


    lol, here we go. the guy has been out for 8 years and you still blame him.

  • #413550


    It would be a gross oversimplification to blame the Clinton Administration for the entire housing mess. There are far more many villains than that.

  • #413551


    Wow…I don’t even have an answer for you…

    Oh, yeah I do…

    repub congress from 1996-2006, repub President from 2001-2009…

    Why didn’t you guys address this during this time? Why did Bush champion this exact type of effort for homeownership?

    We were screwed by lenders and borrowers.

  • #413552


    I thought people were still blaming Carter for everything.

  • #413553


    yes the most certainly did
    thank you for digging too bad more of us aren’t willing to spread the facts

    more interesting fact

  • #413554


    You’re blaming Clinton for Bush’s mistakes? Why not take it a step further and blame Bush Sr or Reagan? Or do you only blame Democrats?

  • #413555


    Republicans are irresponsible. Do YOU want an irresponsible government?

    Pass the buck time is over…time to fix things.


  • #413556


    no. no. no! you’re all wrong it’s andrew jackson’s fault! god forbid it’s the a**holes in power today!

  • #413557


    Don’t try to hide the truth. I am not a Clinton follower, but he left us in the black with no deficit. Your homeboys, the republicans, have ruined this nation’s economy.

    For anyone and everyone who borrowed or lend money, he or she is responsible for his/her own greed. Put the blame where it goes and stop intentionally overlooking that crook, Bush!

  • #413558


    Wow this is priceless. So let me get this straight, it’s Clinton’s fault that these idiots shunned something called accountability, which is in fact what got us into this mess in the first place? The truth is both parties are responsible for contributing to this mess. End of story.

  • #413559


    They expand and contract. Nothing can grow forever.

  • #413560


    You know, the Clinton administration also was embroiled in Whitewatergate, Lewinskygate (the Lewinsky scandal), the death of Vince Foster, among others….nothing good came out of that little miserable excuse of a president.

  • #413561


    Why not blame Adam for eating the apple from the snake (or was it the snake bit Eve in the foot and the apple hit Adam on the head?)

    McSame wrote the deregulation bill and pushed it in 1999 through a majority Republican congress with Bill already impeached and powerless.

  • #413562


    But there were warnings during Bush’s tenure to stop Fannie Mae and other banks from their illegal practices, and he didn’t do anything. Fannie Mae wasn’t making illegal loans when Clinton was in office, because the Federal Reserve crooks knew they couldn’t get Clinton to go along with their crimes of illegal loans that they knew the taxpayers would have to bailout those who made them.

    It’s the conservative’s and Republican’s trickle down, phony free market, no govt regulations and just no govt, period, BS that they have tried to foist on and attack America with since Reagan.

  • #413563


    Oh I see, the almost eight years of the Bush Administration never took place? We were teleported in a time machine to 2008 from 1999? The Bush Administration’s appointees at the Treasury Department were shackeled and chained by the Clinton Administration and THAT’s why they failed to regulate derivatives such as Credit Default Swaps and the like during the entire term of the Bush Administration and that’s why those derivative instruments that Warren Buffet called weapons of mass financial destruction in 2003 were invested in so heavily by Wall Street and AIG to the point of bringing the entire investment banking system down? Bush was never President and the Republicans didn’t run Congress from 1994 to 2006! Wow, I didn’t realize there was a black hole in history!

  • #413564


    The Derivatives market did not explode until 2005 and 2006. Fannie and Freddy together make-up less than 15% of the mortgage derivatives market. Look towards the CEO of Lehman Brothers and Alan Greenspan’s continuing to lower the interest rates to heat up the markets and to provide the fuel for that fire. The deregulation and dismantling of the regulations that led to Enron’s debacle and the lowered capital to risk ratios that allowed the financial institutions to buy and sell these phony instruments are to blame. Look to the Phil and Wendy Gramm collusion for that blame…(Wasn’t there about 1 million bucks worth of campaign donations from Lehman Bros to Gramm’s campaign coffers…seems like Citibank had similar numbers.)

    Paulson’s leadership at Goldman Sachs put them at the top of aggressive activity and risk in this arena, also. Bill clinton signed that Commodities Modernization Act in his last few weeks as President. It was a Republican bill through and through and obviously done for personal future self aggrandizement. Clinton started making the first real money in his life after that.

    If we only had to deal with all the sub-prime mortgages, there would be no world-wide banking crisis! mortgages are backed (obviously) by a real commodity. The derivatives and insurance products were only paper and were not backed by real property or capital. It was simply a Ponzi scheme that had to collapse when the real estate market ceased to expand.

  • #199277


    is there an agency that can? I have heard that it can be done as part of the settlement, I just haven’t had any luck finding any company that will negotiate the change in report status as part of the agreement. I am more concerned with my credit score right now. I am very close to qualifying for a mortgage and this would put me over the top.

  • #257579


    I have been researching the same thing. I found a website with a letter that can be filled out and used in the negotiation process. It includes the answer of showing your debt “paid as agreed”

    good luck!

  • #413565


    America’s politicians “inherit” recessions???

    That’s ridiculous! Most of them are millionaires and have inherited everything good in the country.

    I think I have inherited the recession myself. It is still unenviable to be an American engineering graduate of 2002, even 9 years later.

    In my world, the technology crash from back then is a recession which still has yet to enter a recovery. The American public blithely ignored the aggressive outsourcing which ensued, and neither demanded tariffs on foreign goods nor any reasonable limit on temporary professional visas from the incumbent politicians.

    The public concluded that the way to make money, from that time on, was to take all of their investment money out of manufacturing and technology ventures to buy real estate with it.

    And the rest is history. Now the economy has seized, and America doesn’t make anything anymore. Its primary exports are jobs and trash.

    Most of the run-up to this situation happened under Republican hegemony, so it’s them that I really blame.

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