The Democrat says she wants to "gather insight" on the problem and get ideas about what Congress can do to help. Prince George's County leads the state in foreclosure growth. In some neighborhoods, foreclosure rates have grown more than a thousand percent in the last year and a half. Statewide, nearly 10,000 homes were in foreclosure last fiscal quarter.
In Annapolis, state lawmakers in the House continue work toward a series of lending reforms this afternoon when a committee takes up several bills on the topic.Were they standing up on the chamber floor decrying the increase in property values?
Were they allocating their welfare to give the less then bright a quick course in what they can afford?
I tend to lay blame on the people who thought they could afford a 750K house on a 100K salary, but I think all those in Congress trying to make a good appearence off their concern should be ashamed of letting the loan business go where it did to start with.
Just look at the facts BMikulski d-MD, a 92K 810 sq ft Condo I bought in 1997 sold in December for $344K. That's been going on for a couple years and should have sparked someones interest...someone other than people like me who only stood to gain from the situation. Hmmmm, what did BMikulski d-MD have to gain I wonder?
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