| Obama Will Make Taxpayers Guarantee Mortgages Without Checking Borrowers' Incomes or Employment | |
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| Tweet Topic Started: Mar 9 2012, 07:26 AM (203 Views) | |
| LTC8K6 | Mar 9 2012, 07:26 AM Post #1 |
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Assistant to The Devil Himself
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Hmmm... seems like this is a big part of the way housing got into trouble... If they are current, then it seems like that would mean they can handle the payments and really don't need a refi... http://cnsnews.com/news/article/obama-will-make-taxpayers-guarantee-mortgages-without-checking-borrowers-incomes-or Edited by LTC8K6, Mar 9 2012, 07:27 AM.
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| Deleted User | Mar 9 2012, 07:32 AM Post #2 |
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Deleted User
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Buying the election one executive order at a time. |
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| kbp | Mar 9 2012, 09:35 AM Post #3 |
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It lowers or eliminates the spread on mortgage bonds backing them ...but, I guess it is Ben that's buying those bonds now anyway. Indirect redistribution. |
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| cks | Mar 9 2012, 09:51 AM Post #4 |
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Hey, but all the rest of the shubbs in this country who are trying to refinance will have to spend the money and time to present all the verification so that they can refinance. So, they get to pay twice - for themselves and for those with FHA loans. Is it no wonder that this country economically is going to hell in a handbasket? |
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