Fems for Change is using stories to make sure their elected officials understand that the Republican healthcare bill is life-or-death legislation. You can do the same. By all accounts, Republicans just don’t care. They don’t care that their healthcare legislation will leave 22 million Americans without health insurance. They don’t care that people will die. They don’t even seem to […]Read more ›
Tag: Dave Trott
Michiganders made their voices heard in support of the Affordable Care Act. Despite it being a work day — with temperatures below freezing — nearly 200 constituents of Michigan Congressman Dave Trott and other concerned citizens rallied in front of his Troy office to oppose repeal of the Affordable Care Act (ACA), aka Obamacare. Protesters bearing signs made a bold […]Read more ›
Even Republicans aren’t happy about Trott’s predatory practices. That won’t do him any favors in his bid for the seat held by Kerry Bentivolio, who’s on shaky ground himself. David Trott’s reputation as a foreclosure vulture precedes him. And it’s going to be a huge albatross hanging around his neck in his campaign in Michigan’s 11th Congressional District. He’s been […]Read more ›
If you want to position yourself as an alternative to Tea Party zealot Rep. Kerry Bentivolio, maybe associating with Donald Trump isn’t the best idea. We’re judged by the company we keep, and Republican Congressional candidate David Trott is making his allegiances known. The latest report from the Federal Election Commission (FEC) shows plenty of contributions to Trott for Congress, […]Read more ›
The Democratic candidate for Michigan’s 11th Congressional District stands to give Republicans a run for their money. In news from the Bobby McKenzie campaign, the Democratic Congressional Campaign Committee (DCCC) has placed McKenzie on its Jumpstart program, according to MIRS. The DCCC began the Jumpstart program (PDF) this year to give what it considers “top-tier” candidates early financial, communications, operational […]Read more ›
That advice wasn’t good for consumers. But it sure must have been good for Trott’s business handling foreclosures.
David Trott, chairman and CEO of one of the country’s largest law firms specializing in foreclosure services for the mortgage industry — and a Republican candidate running in Michigan’s 11th Congressional District — has got some explaining to do.
In September 2007, subprime mortgage firms were declaring bankruptcy, other financial institutions were refusing to take on more subprime loans and millions of Americans were at risk of losing their homes. At that same time, Trott appeared on the Michigan TV program “Due Process” and called subprime mortgages “a perfectly appropriate product.”
Yes, David Trott defended subprime mortgages even as the subprime mortgage market was collapsing. That collapse contributed significantly to the larger financial crisis that wreaked havoc on the global economy.
Trott’s statements on “Due Process” make it clear he didn’t see anything wrong with endorsing a product he knew very well would result in even more foreclosures — risking the homes of average Americans while driving more business to his law firm.
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