[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

Which party is responsible for the no-down, stated income loan? Once down payments and documented income went away, all hell started to break loose.

[TheBreeze]

Which party is responsible for the no-down, stated income loan? Once down payments and documented income went away, all hell started to break loose.

[TheBreeze]

Which party is responsible for the no-down, stated income loan? Once down payments and documented income went away, all hell started to break loose.

[TheBreeze]

Which party is responsible for the no-down, stated income loan? Once down payments and documented income went away, all hell started to break loose.

[TheBreeze]

Which party is responsible for the no-down, stated income loan? Once down payments and documented income went away, all hell started to break loose.

[Author]

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