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Colts fan & Stoker owner
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8,170 Posts
Discussion Starter #1 (Edited)
And they say history repeats itself.


http://www.washingtonpost.com/busine...y.html?hpid=z1


The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
 

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Living in a cage of fear
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16,462 Posts
Motherf*cker.............:angry:
 

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Member
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1,512 Posts
Stay tuned. More foreclosures to come. More wannabe ballers loosing new boats.
 

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Marine Organism
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12,743 Posts
INSANITY!!! :)bit
 

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Registered
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1,300 Posts
Stay tuned. More foreclosures to come. More wannabe ballers loosing new boats.
isnt that the truth ! new hummer , new tower boat , bmw in the driveway , and working for 15 an hour ! you dont see that any more , but you will again !
 

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Living in a cage of fear
Joined
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16,462 Posts
Hey, what's the big deal?
WE are insuring the banks!!
:angry:
Where is the dipshits (Rod, Shue, etc.) to explain how this is a good thing their POS messiah is pushing???

Was NOTHING learned from the whole Barney Frank/ Freddy mac debacle??

Absolute LUNACY!:shock:
 

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Member
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1,512 Posts
This is all empty suit liberals got. They are pathetic.

I've noticed the talking head liberals are talking in circles trying to explain why their believes are not failing. Kinda funny to watch the clowns do their performance.
 

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Red Blooded American
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15,853 Posts
At least this go around won't be blamed on Bush. Liberals everywhere rejoice in the coming flood of foreclosures!
 

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I don't feel tardy
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845 Posts
And they say history repeats itself.


http://www.washingtonpost.com/busine...y.html?hpid=z1


The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
Fannie & Freddie II, coming to a community near you soon. Fucking retards.
 

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Premium Member
Joined
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25,975 Posts
Great idea. give $500,000 loans to people that already have a track record of not paying their bills. What a concept.
I guess this is a great plan in the minds of the Libbies on the boards.

My boss who has stellar credit and has for 50 years, was turned away for a re-fi on a house that has a 8 to 1 equity to loan ratio. When he asked WTF, they told him they were only interested in QE3 loans and that he didn't qualify.
Think they aren't pushing loans to "less than stellar" applicants? Think there isn't a some incentive to push those loans from the government?
He'll get the loan, but some loser making 20th the money, with shit credit, will get a better interest rate for no other reason than he is a loser.
When good is considered bad, and bad is considered good........look out!



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Living in a cage of fear
Joined
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16,462 Posts
Great idea. give $500,000 loans to people that already have a track record of not paying their bills. What a concept.
I guess this is a great plan in the minds of the Libbies on the boards.

My boss who has stellar credit and has for 50 years, was turned away for a re-fi on a house that has a 8 to 1 equity to loan ratio. When he asked WTF, they told him they were only interested in QE3 loans and that he didn't qualify.
Think they aren't pushing loans to "less than stellar" applicants? Think there isn't a some incentive to push those loans from the government?
He'll get the loan, but some loser making 20th the money, with shit credit, will get a better interest rate for no other reason than he is a loser.
When good is considered bad, and bad is considered good........look out!
Welcome to my world.
 

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I don't feel tardy
Joined
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845 Posts

Explain to us you resident Liberals why this incompetent administration is encouraging lenders to GIVE money to high risk borrowers.
FUCKING DEJAVU!!!!
70% percent of these borrowers will default in what 5 years and then the tax payers will be called upon again to bail these manipulating losers out.
Those that thought they could ride the wave of inflated housing values and thinking they could take out an equity loan on property that has no equity, what the fuck were you thinking? You weren't thinking, you stupid fucks had no fucking clue. I don't care who you think you are, you deserve every financial problem you experience today.
I have never accepted the "well we fell upon hard times" excuse, you made extremely bad choices.
Get over it whiners. I hope I hurt some feelings.
Sincerely, HD
PS. My little Leave it to Beaver house will be paid off in 4 years and I live a comfortable non baller life.
 
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