Paging Will Rogers!

If Will Rogers were alive and active today, he would have a multitude of material for his satirical, witty remarks. The plethora of rash statements, threats and unsupported claims plus the petty, juvenile attacks and threats that characterize communications from the White House would supply him with many caustic observations. The use of tweets, email and memos to assist in management of a privately owned business is, at times, appropriate, but to use tweets to influence or control legislative actions or to demean those who disagree seems to me unacceptable.

Many of my friends strongly support the president, but I have never trusted him. In the 2016 election, I was not pleased with the choices and I voted more “against” than “for” the presidential candidates. Mr. Trump may not intentionally misstate facts or mislead the nation, but he seems prone to rush to judgment and to make statements without having considered all pertinent facts. And we have a service evader as our commander-in-chief.

In the more than 68 years since I was old enough to vote, I remember no time when the options for voting were so poor or the election results so frightening.

J.R. Chapman, Hubbard

Vote for Proposition 2

I encourage Texans to vote yes on Proposition 2 in the Tuesday election. As former commissioner of the Texas Department of Savings and Mortgage Lending, I saw firsthand how the rigidity of Texas home-equity rules were, at times, at odds with the needs of Texas consumers. In my view, this constitutional amendment contains four very important changes to better serve the needs of Texans:

  • Proposition 2 will enable the refinancing of a home-equity loan as a regular refinance under certain circumstances, which means Texans can enjoy more favorable mortgage pricing.
  • Proposition 2 lowers the current 3 percent fee cap on charges to 2 percent and removes certain appraisal, survey and title fees from the calculation. This will increase access to smaller-dollar home-equity loans, allowing more Texans to use their equity as a financial tool.
  • Proposition 2 makes agriculturally exempt properties eligible for home-equity loans, removing a prohibition hindering certain rural Texans’ ability to access their home equity.
  • Finally, Proposition 2 increases flexibility for Home Equity Lines of Credit. This will enable Texans to borrow up to 80 percent of the value of the property (after taking any liens into account), regardless of whether the draw is taken at the inception of the loan or later when the borrower has a special need for the cash, such as sending a kid to college or unexpected medical expenses.

Proposition 2 increases flexibility for Texans who want to access their home equity. Vote yes on Prop 2.

Doug Foster, Director of Regulatory Affairs, Polunsky Beitel Green, San Antonio