There is NO reason the federal government need be involved with mortgages

None. Zero. Absolutely not. There is no reason the federal government need be involved with approving home mortgages, yet for some reason we’re now dependent on the federal government for what used to be a simple individual voluntary arrangement and a transaction between that specific individual and their bank.

From the Hartford Courant.

A lot of things got in the way of Mary Brady’s refinancing her mortgage: being a busy single mom to two teenagers, working full time as a nurse, keeping up with home repairs.

But she never expected the federal government to be on that list.

Mary… don’t you know just about everything we do must be approved or regulated by politicians in Washington, D.C.?

Her mortgage broker told her the transaction couldn’t go forward because the shutdown prevented authorities from verifying her Social Security number.

You see, only the federal government has the skills to verify someone’s identity.

An inability to verify Social Security numbers is one problem. Trouble obtaining income verification from the Internal Revenue Service is another. Both requirements were added for some mortgages as a result of regulatory reform in the aftermath of the recent mortgage and foreclosure crisis.

Yeah, that would be the Democrat-demanded Dodd/Frank banking regulation legislation. And again, instead of the bank picking up the phone and verifying employment and taking a look at the employee W-2 statements, they are now dependent on some federal bureaucracy to confirm income.

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Steve McGough

Steve's a part-time conservative blogger. Steve grew up in Connecticut and has lived in Washington, D.C. and the Bahamas. He resides in Connecticut, where he’s comfortable six months of the year.


  1. ricbee on October 14, 2013 at 11:11 pm

    You can thank those two pieces of crap,Chris Dodd & Faggot Frank….

  2. JollyRoger on October 15, 2013 at 2:53 am

    Anyone who has been a victim of identity theft might ask how complicit is the federal government when someone steals your identity?? Identity thieves can purchase property in your name, get you audited by states you’ve never even visited, leave you with big medical bills, get passports and CDL’s in your name, they can even perpetrate crimes and get arrested as you.? The feds give you some leverage against the credit reporting agencies, but the feds won’t hold themselves responsible in any way.? It’s ironic how their absence can halt so much legitimate activity, but their presence on the payroll doesn’t guarantee you an ounce of protection.? Surely these Feds were pioneers in robo-stamping of whatever comes across their desks?

    • Dimsdale on October 15, 2013 at 9:11 am

      Judging by the way they are handling the programming of the ?bamacare signup boards, I fully expect identity theft to be SOP.?? And, of course, the government cannot be sued.

    • bien-pensant on October 15, 2013 at 3:01 pm

      The biggest growth industry now is corruption.
      That is thanks, in large part, to government being involved in everything.

    • Dimsdale on October 16, 2013 at 9:51 am

      According to Occam, the simplest explanation is usually the correct one:? government = corruption.

  3. Gary J on October 16, 2013 at 7:32 am

    May I use the bathroom while we are shut down?

  4. Dimsdale on October 16, 2013 at 7:04 pm

    Of course, this will allow the government to issue mortgages to illegal aliens at some point.
    Just to be “fair”, of course…


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