Comment on CFPB-2012-0021-0001

I keep hearing the reasons why the “Mortgage/Foreclosure Crisis” took place and it seems as though no one really "Gets It" No, it is not because of home price devaluation as this was a symptom and not the cause. No, it is not because of bad mortgages and sub prime loans as this too is a symptom and not the cause. There are MORE conventional loans in foreclosure as there are sub prime. Wages have been flat for over 9 years. Now with even very low inflation 3.5% over 9 years compounded annually you have an 9 years negative impact on wages of over 35%. What that means is that the prices of everything goes up year over year and wages stay flat or the same that after 9 years it takes 35% to 40% more money to pay the same bills. This can only be sustainable for so many years before you can't afford to pay your mortgage and if “Mama” loses her job for only three months>>> you never catch up. What is The Problem The solutions presented thus far for the mortgage crisis are all flawed in that they all include a "writing down" of the value of the troubled asset. Our 30 year fixed interest rates are determined by the free market at this time from the sale of 10 year bonds. Typically foreign investors have supported this as it has historically been a safe haven in uncertain times. If the value of US wealth is allowed to be written down further by a factor of 10% to 30% then this will make foreign investors think twice about buying this investment vehicle and our 30 year fixed interest rate could quickly and easily go to double digits furthering the crisis exponentially. 100% Occupancy Goal The problem that exists when you do that is that you are ignoring the chief engine of our economy for the last 10 years>> the "Rising Value of Our Homes". Since returning to an economy that supports itself without this aid will take another generation of investment and prudent policy, to ignore its main engine NOW shows a lack of understanding. I have put