Federal Housing Finance Agency

H.R. 1424 SEC. 110. ASSISTANCE TO HOMEOWNERS, page 26, says that the Fannie Mae and Freddie Mac mortgagees will be under the authority of the Federal Housing Finance Agency. That is if your mortgage is a F. Mae. or F. Mac the Feds now own your mortgage. Now doesn't that make you feel better.

On the other hand the bill goes on to say (page 27 line 10 through page 28 line 3) that a home with a F. Mae or F. Mac mortgage may be eligible for an interest rate reduction, reduction of principal and other similar modifications through the Hope for Homeowners Program.

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Geez

Let me get this straight

If you were a responsible home owner and bought with in your means and paid your mortgage on time,you now get to help bail out Wall Street and the thousands of irresponsible home owners who shouldn't have had a home to begin with who are now going to get a reduced rate and their principal reduced too....Yeah that sounds fair to me

Dave

vtec350 wrote:Geez

Let me get this straight

If you were a responsible home owner and bought with in your means and paid your mortgage on time,you now get to help bail out Wall Street and the thousands of irresponsible home owners who shouldn't have had a home to begin with who are now going to get a reduced rate and their principal reduced too....

Dave

Yep.

If you were a responsible home owner and bought with in your means and paid your mortgage on time,you now get to help bail out Wall Street and the thousands of irresponsible home owners who shouldn't have had a home to begin with who are now going to get a reduced rate and their principal reduced too....Yeah that sounds fair to me

Well this is perfectly fair. The people who did not pay for their homes are obviously victims of republican oppression. It is only reasonable that republicans who have scrimped and saved to pay for their own homes chip in to pay for the homes of the shiftless farkwits who are oppressed.

Yes I am posting for Devil. He is indisposed at the moment due to "issues".