Obama pushes banks to grant mortgage loans to credit risks

Obama pushes banks to grant mortgage loans to credit risks

PostBy: lsayre On: Wed Apr 03, 2013 9:33 pm

lsayre
 
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: Flyer5 On: Wed Apr 03, 2013 9:39 pm

lsayre wrote:Some people never learn!

http://www.washingtonpost.com/business/ ... story.html




I know this will end well. :mad:
Flyer5
 
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: plumb-r On: Thu Apr 04, 2013 6:36 am

How many times must you get kicked by a mule before you stop pulling it's tail? :no1:
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: I'm On Fire On: Thu Apr 04, 2013 9:05 am

This administration is retarded. Mentally retarded. It's like we've elected the Special Olympics to run the country. Bunch of morons.
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: Flyer5 On: Thu Apr 04, 2013 9:26 am

I'm On Fire wrote:This administration is retarded. Mentally retarded. It's like we've elected the Special Olympics to run the country. Bunch of morons.



Mentally challenged people would do a much better job running this country. These politicians have one agenda and that is to line their own pockets at our expense and we keep allowing it.
Flyer5
 
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: I'm On Fire On: Thu Apr 04, 2013 10:19 am

Flyer5 wrote:
I'm On Fire wrote:This administration is retarded. Mentally retarded. It's like we've elected the Special Olympics to run the country. Bunch of morons.



Mentally challenged people would do a much better job running this country. These politicians have one agenda and that is to line their own pockets at our expense and we keep allowing it.

I thought that after I made my post. The Special Olympics could probably do a better job of running this country. This administration needs to go. Like now.
I'm On Fire
 
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: SMITTY On: Thu Apr 04, 2013 10:33 am

This is a great idea!

And I have an even better one! How about when everyone has a mortgage they cannot afford, we bundle them all together and sell them! We'll be rich!! :punk:

:| :what: :no1: :nono:
SMITTY
 
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: coalnewbie On: Thu Apr 04, 2013 10:45 am

Come on guys, stop being negative. One year ago Obummer signed the jobs bill and that is sooo successful everybody will be able to pay for their mortgages soon - so no worries.

I used to do handicapped horse riding and there was a quadraplegic 8 year old girl who eventually managed to ride the horse by guiding it from her seat bones - incredible. She got bored with riding and went on to be an actress and got married. So who's to say that a total spastic can't eventually become a good President, give him time. Stop being negative.
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: I'm On Fire On: Thu Apr 04, 2013 11:04 am

The current retard we have in office now has had nearly 5 years to actually do something. All he's managed to do is get us further in debt, take away some of our freedoms and is working on making this country a complete socialist/communist nation. How much more time does this idiot need?
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: coalnewbie On: Thu Apr 04, 2013 11:12 am

...... but, but, but, he could get more done if we bring back Nancy....

http://www.usatoday.com/story/theoval/2 ... s/2052145/

HAHAHAHHAHAHAHAHAHA
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Re: Obama pushes banks to grant mortgage loans to credit risks

PostBy: dcrane On: Thu Apr 04, 2013 11:32 am

their are some realtors who like this type of idea and pretty much ALL mortgage brokers would like it, but this is very critical stuff we are talking about here and to even place a foot on that slippery step that lead us down a 9 year slide into hell is very dangerous business. The housing recovery is happening without this stupidity... why does he need to push it more, more, more. Its in recovery, rates are holding fairly level, the huge piles of inventory we had has and is diminishing and now property value is going to increase at a nice, safe, moderate & NORMAL rate (5 percent a year more or less).

I can agree with some programs that give some degree of help and assurance like no money down VA loans (A kid who serves and completes his duty has some mental toughness, fortitude and determination and that's a risk and benefit that should always be in place for a Vet.), Low down payment FHA loans 3%-5% down who meet a specific income to debt ratio provided the brunt of that DP is their own earned money's. I strongly disagree with "no doc" loans (even when the buyer has a 20-50% down payment because its unfair and unjust to taxpayers).

If some people are missing out taking advantage of this housing recovery (like me), then their is a VERY GOOD reason they are missing it... BECAUSE THEY CANT AFFORD TO BUY A HOME CURRENTLY! I know its a shame I cant afford to go buy up some houses right now before things start growing rapidly (which they WILL), but for the same reason I wont go buy a fun, nice 21' Grady White....I wont go buy a house.
dcrane
 
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