Stunned in America: Sub-Crime Mortgage Crisis (edit title/settings)

I'm Mary Tootikian, author of Stunned in America: Sub-Crime Mortgage Crisis. My Mission for this book is to:
Educate you on what you must know
Expose what you don’t know
Solve the problems of our housing crisis

Here's what this book will do for you:

EDUCATE YOU ON YOUR MORTGAGE LOAN:

•Our home is usually our greatest asset and our largest debt. Know your facts.

•Inform you so you never fall victim to predatory lending.

•Don’t trust others to tell you how much you can afford to spend on a mortgage or a home. Judge this for yourself using my easy to follow workbook and payment charts.

•Know your lending options and costs before entering into a transaction.

•Understand how interest rates are calculated.

•Understand the role of credit scores on your lending options.

EXPOSE THE PROBLEM:

•The mortgage lending industry operated successfully prior to the invasion of Wall Street originated subprime loans. We need to revert to what worked.

•The industry has gone from loaning to everyone to almost loaning to no-one.

•Credit worthy people are being denied financing for new homes and refinancing of existing loans based on underwriting criteria that is too rigid and not logic based.

•Our government is passing too many laws that are restricting the borrowing rights of qualified individuals while still encouraging loaning to the least credit worthy.

SOLVE THE PROBLEM:

•We need to return to basic common sense underwriting principles that have governed us well for many years.

•The equity in our homes is being judged based on foreclosures and short sales.

•The role of credit scoring in our industry is hurting many innocent people who have always handled their debts responsibly.

•Our legislators are imposing laws that are destroying our ability to recover from the housing crisis and making it more difficult to obtain low interest rates.

•There are no “bad loans” only improper implementation and use of these loans.

•The banks are not our friends – they may have become our enemies.

•To introduce a new loan product that will lower your monthly payments without increasing your mortgage balance.

• If you’re not part of the SOLUTION, you’re part of the PROBLEM.