Like Countable?

Install the App
TRY NOW

house Bill H.R. 1153

Changing How "Points and Fees" are Calculated for Qualified Mortgages

Argument in favor

This bipartisan bill would improve access to credit and qualified mortgages for low- and middle-income borrowers, which is a worthwhile goal.

Matthew's Opinion
···
02/08/2018
The federal government shouldn’t be in the business of regulating securities or loans. No constitutional authority and the states do a good enough job locally. Plus the market weeds out bad banks and loans. Quit messing with it.
Like (12)
Follow
Share
Brian's Opinion
···
02/06/2018
They should still make sure they can pay it off though.
Like (5)
Follow
Share
Kathy's Opinion
···
02/07/2018
Just as long as there are controls in place that makes sure they can pay back the money they borrow
Like (4)
Follow
Share

Argument opposed

This bill weakens reforms enacted after the financial crisis that kept banks from offering low-income families high-fee loans they can't afford.

OlderNWiser's Opinion
···
02/06/2018
Sorry, having lived through the mortgage crisis created by lack of oversight, I smell a rat. My hard-working mail carrier lost her hair, lost weight, and ended up with a never ending mortgage in her attempt to house her family and gain equity. The history of slavery and the ongoing Jim Crow have made climbing the ladder almost impossible for African-Americans, and now we want to let the mortgage industry and banks destroy more people’s lives? No, enough hurting the poor and middle class to profit the wealthy few.
Like (120)
Follow
Share
singinghawk926's Opinion
···
02/07/2018
I will not support anything that works against Dodd-Frank. It offers little enough protection as it is!!
Like (50)
Follow
Share
Michael777's Opinion
···
02/05/2018
Why is there bipartisan support to bring America back before Dodd-Frank? Have the cosponsors of this bill forgotten that it was the deregulation of Wall Street banks which began in the 1990s that led to the banks gambling with people's money, which caused the Financial Crisis of 2008? And now they want to roll back regulations to where they were right before that happened? This is a stupid bill that needs to be stopped before it hurls us into a Second Financial Crisis!
Like (44)
Follow
Share

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed February 8th, 2018
    Roll Call Vote 280 Yea / 131 Nay
      house Committees
      Committee on Financial Services
    IntroducedFebruary 16th, 2017

Log in or create an account to see how your Reps voted!
    The United States suffered it's 2nd greatest economic loss in US history prior to Dodd-Frank. History is a great indicator of future behavior. Why would the Federal government set our Financial sector back to a time when so many Americans were financially harmed? Who is getting rich off the demise of the American people?
    Like (2)
    Follow
    Share
    We don't need another housing crsis. Apparently there are many who have forgotten about all the foreclosures. Are Republicans so eager to bring that back?
    Like (2)
    Follow
    Share
    Not enough details to know if this further erodes Dodd-Frank and until a non-partisan expert explains what’s in the bill I say “no”.
    Like (2)
    Follow
    Share
    This is a mortgage bill that will only help banks and the parasitic companies that exist because of normal Americans buying homes. But it does nothing to help those normal Americans who buy the homes. It probably hurts our interests. You're congressmen. I hope you don't need a map to help you figure out where you need to be on this issue ...
    Like (2)
    Follow
    Share
    FUCK! THE! GOP!
    Like (2)
    Follow
    Share
    Why though $500,000 is not a lot of money to most of you elected officials it is more than most Americans will make in many years put together. Although, affordable housing is important we do not need to return to a point where people are living well outside their means. It does not improve our economy. This is where you politicians need to focus your creative juices. Things that will improve our economy and make our nation stronger as a whole!!!
    Like (2)
    Follow
    Share
    Congress just seems to be dead set on trying to bring us back to the days before the financial crisis. We never seem to learn the lessons of history. This bill is just leading us down a path where our economy is going to crash again brought about by mortgages that people couldn’t afford.
    Like (2)
    Follow
    Share
    NO
    Like (2)
    Follow
    Share
    Americans should not be prey for greedy corporations.
    Like (2)
    Follow
    Share
    Read history, learn from it. Super simple stuff here.
    Like (2)
    Follow
    Share
    While I like the idea of caping fees, I watched too many people lose their homes and businesses during the last financial crisis to support the changes outlined in this bill. It’s a great start, but this bill needs more refinement.
    Like (1)
    Follow
    Share
    Our representatives should be protecting the financial of consumers so that we don’t have another mortgage crisis
    Like (1)
    Follow
    Share
    we don't want another housing / mortgage crises
    Like (1)
    Follow
    Share
    How are people supposed to be able to judge whether they can afford a mortgage if the lenders are allowed to hide the fees? We don’t need to return to the days when people were defaulting on mortgages. Preserve the Dodd-Frank rules. It’s too soon to forget the lessons of the last recession.
    Like (1)
    Follow
    Share
    Stop with all the nanny state regulations!
    Like (1)
    Follow
    Share
    A way to offer low income borrowers high fee loans they can’t afford and pull us toward the inevitable GOP recession even faster.
    Like (1)
    Follow
    Share
    Data shows that the housing bubble was not created by the low income loans. It was created by and over leveraged investors. We cannot legislate against stupidity. Everyone does not deserve to own a home. You own a home if you can afford it. If someone with poor credit qualifies for a mortgage and they think they can pay for it, more power to them
    Like (1)
    Follow
    Share
    We don’t need another housing crisis.
    Like (1)
    Follow
    Share
    I prefer 2016 to 2008. Forward not backward. No thank you.
    Like (1)
    Follow
    Share
    Last time this was done it literally caused a housing crises. Republicans never learn.
    Like (1)
    Follow
    Share
    MORE