Ask the congresswoman: Your questions for U.S. Rep. Laura Richardson

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I’m overdue for a session of ‘Ask the blogger,’ so here goes. Today, something completely different: Instead of your questions for me, I’d like to hear your questions for U.S. Rep. Laura Richardson, the triple-default Democrat from Long Beach.

I sent her office a list of questions in late May (you can see my questions by clicking at the bottom of this post) and haven’t heard back, so I’m giving up and turning to you: submit your best (serious) questions for U.S. Rep. Laura Richardson, I’ll sort through them and send them along to her congressional office. Fire away.
Photo Credit: U.S. Rep. Laura Richardson, by L.A. Times

(Sent by e-mail on June 10 to Kimberly Parker, chief of staff to U.S. Rep. Laura Richardson)

Kimberly: I’m still interested in answers to the questions below, which I first submitted to the congresswoman’s office on May 22:

Questions from Peter Viles at the Los Angeles Times:

What kind of mortgage did the congresswoman take on the Sacramento home? (Adjustable Rate Mortgage, Option ARM, 30-year-fixed, etc.)

What was the amount of the loan and the interest rate?

Who was the original lender?

Did she take out one loan or more than one loan?

Did she make a down payment? If so, how much?

A published report quotes the seller of the house saying that Ms. Richardson received $15,000 from the seller for closing costs. Is this accurate?

What were her monthly payments on the mortgage?

How many payments did she make on the mortgage?

When did she begin missing payments on the mortgage, and why?

When and how did she contact the lender to discuss a loan modification?

Did she contact the lender herself, or did a member of her staff contact the lender?

Documents indicate the amount she owed on the loan was eventually greater then the initial value of the loan itself. Can you explain why the amount she owed increased?

When did she and the lender agree to a loan modification? And what is the exact nature of the loan modification? What is the new interest rate, the new principal amount, and the new monthly payment?

How many payments has the congresswoman made on the loan modification?

Thanks.

Peter Viles