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Kickboxer
MODERATOR Moderator Joined: February/13/2008 Status: Offline Points: 23679 |
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Posted: March/24/2012 at 14:14 |
Any question why this mess is not getting any better?
> > In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down-payment in order to qualify. > > His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, "Passage of such a requirement would restrict home ownership to only those who can afford it." > > Does this explain liberals to you? > > I can't add anything to this. |
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Opinion,untempered by fact,is ignorance.
There are some who do not fear death... for they are more afraid of not really living |
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Son of Ed
Chuck Norris Joined: June/18/2011 Location: TEXAS Status: Offline Points: 122210 |
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Chris Dodd is an imbecile.
" Three generations of [ Democrats ] is enough! "
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Visit the Ed Show
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billyburl2
Optics Master Extraordinaire Joined: January/08/2009 Location: Cottonwood, AZ Status: Offline Points: 4015 |
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AMEN!
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If it is tourist season, why can't we shoot them?
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bugsNbows
Optics God bowsNbugs Joined: March/10/2008 Location: North Georgia Status: Offline Points: 11201 |
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Duh, that's the point. I distinctly remember my first home purchase back in the 70's. It required 20% down...no discussion. Times have changed...for the worse I might add. |
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If we're not suppose to eat animals...how come they're made of meat?
Anomymous |
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shooter07
Optics Jedi Knight Shooting Sprout Joined: June/12/2010 Location: PA Status: Offline Points: 5120 |
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I have no problem with this bill...unless it affects the VA loan process for veterans.
If you CAN'T afford a house, then you shouldn't qualifty. End of Story.
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Si Vis Pacem Para Bellum
"Issac Newton invented gravity because some asshole hit him with an apple" -Chris Moltisanti |
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Bigdaddy0381
MODERATOR Georgia peach Joined: February/27/2007 Location: Georgia Status: Offline Points: 13682 |
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If you have a loan with Fanny Mae and Freddy Mac you can refinance and get a 1% rate and no closing cost. That is if your upside down in your load or not.
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P&Z Firearms , Pro gun cleanings and gun repair and wood refinishing.
Ecclesiastes 10:2 |
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SVT_Tactical
MODERATOR Chief Sackscratch Joined: December/17/2009 Location: NorthCackalacky Status: Offline Points: 31233 |
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Where I work we don't have any of these issues that others are having, Yes we have foreclosures but no more than we had 10 years ago. We are still following the same practices we always have. We've been doing it right for a long time and now we aren't in a jam like other lenders. Federal regulators have taken our guidelines and made them into regulations for others to follow.
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"Most folks are about as happy as they make their minds up to be" - Abraham Lincoln
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Alan Robertson
Optics Master Joined: October/31/2009 Location: Oklahoma Status: Offline Points: 1763 |
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Dodd's words/actions certainly helped get us into this mess. In a perfect world, he- as well as legions of others fallible in this whole mess- would be busting rocks with big hammers.
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"Garg'n uair dhuisgear"
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BeltFed
Optics Retard Joined: February/12/2008 Location: Ky Status: Offline Points: 22287 |
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Liberals are only trying to put evil landlords and selfish responsible lenders out of buisness
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Life's concerns should be about the 120lb pack your trying to get to the top of the mountain, and not the rock in your boot.
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