Mortgage loans are sold on the secondary mortgage market where primarily, a loan can be divided up and combined amongst other loans; meanwhile its sold as an investment. This is one of the chief reasons the housing bubble turned into a financial crisis. #Sad
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My immediate & extended family advocated for
@MarkWarner,@timkaine. After todays vote we're currently reassessing our decision. Especially after removing a provision that protects from discriminatory lending. The middle class was gutted during the last crisis. So disappointed!
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Just for the record, I got a mortgage from a small, local bank to help them out and within 6 months it had been sold twice. Now I make monthly payments to Wells Fargo. I tried to help the little guy and they tossed me aside.
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As my SENATOR u are WRONG! u are gutting Dodd frank - giving gifts to foreign banks like Deutsche Bank And not really helping ‘small banks’ and REM COUNTRYSIDE reg bank that screwed millions??? u are giving free pass. Ur vote means u no longer can keep ur seat
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You lost me. You are not the future of the Democratic party. take your millions and go home.
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Your vote yes for
#DoddFrankRollback has ended my support for you. WILL NOT VOTE FOR YOUR REELECTION. WILL SUPPORT EVERY PRIMARY CHALLENGE.Thanks. Twitter will use this to make your timeline better. UndoUndo
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How much did
@WellsFargo and@Citibank pay you. We will primary you out of your seat.Thanks. Twitter will use this to make your timeline better. UndoUndo
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If you have 50 BILLION in assets, you ARENT a small bank. PERIOD.
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Awful bill that no one wants. I won't forget this and will vote for anyone who will primary you. You should be embarrased.
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And the big banks will buy our mortgages from the small banks. You are letting the predators loose on hard working citizens. This WILL be a repeat of 2008, don't lie to us.
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What about the big banks though, Warner?
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Community banks need relief, sure. But AmEx? Barclays? Countrywide circa 2008? $250B cap is too high!
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Good to see Dr. Evil won't have to be weighed down with restrictions
#WallStreet#Bankspic.twitter.com/8fUeqtHQWKThanks. Twitter will use this to make your timeline better. UndoUndo
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