The piece also praises Joe for supporting "More mortgage options." Isn't that how we got in this financial crisis we find ourselves in today? The mortgage industry was offering loans to people that couldn't qualify for standard mortages and mortgage brokers defrauding customers and putting them in subprime mortgages when they could qualify for standard mortgages. Shame on the NAR for supporting Joe Knollenberg. Joe Knollenberg is a big part of the problem in Washington, not a part of the solution. If I were a realtor, and a member of the NAR, I'd be writing a letter and asking for a refund of my dues.
Friday, September 26, 2008
National Association of Realtors Lies About Knollenberg's Record
The piece also praises Joe for supporting "More mortgage options." Isn't that how we got in this financial crisis we find ourselves in today? The mortgage industry was offering loans to people that couldn't qualify for standard mortages and mortgage brokers defrauding customers and putting them in subprime mortgages when they could qualify for standard mortgages. Shame on the NAR for supporting Joe Knollenberg. Joe Knollenberg is a big part of the problem in Washington, not a part of the solution. If I were a realtor, and a member of the NAR, I'd be writing a letter and asking for a refund of my dues.
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2 comments:
When you consider that the NAR was in cahoots with Wall Street and their preditory lending - the endorcement of Knollenberg figures. Birds of a feather - and all that!!
I am a card carrying member of NAR, MAR & MCAR. I do NOT support Knollenberg. He has done a great disservice to the property owners of Michigan.
NAR, MAR & MCAR are interested, like many businesses, in lowering barriers to entry for business, reducing regulation, reducing costs for business, etc. Their positions are very short sighted. What caused our massive decreases in property value, losses on our biggest investments? Lets think about that before we go endorsing people like Knollenberg!
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