- May 17, 2013
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Is it just me, or is Dad and Obnoxious Troll...............
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Is it just me, or is Dad and Obnoxious Troll...............
Do you even have a clue what FHA DPA is?
If you know so much, why don't you explain it?
What is the FICO score requirement?
How much was the down payment?
WHY THE FUCK DON'T YOU HAVE A BRAIN? SERIOUSLY?
Down Payment Assistance
It is clear to anyone who has studied the financial crisis of 2008 that the private sector’s drive for short-term profit was behind it. More than 84 percent of the sub-prime mortgages in 2006 were issued by private lending. These private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Out of the top 25 subprime lenders in 2006, only one was subject to the usual mortgage laws and regulations.
The nonbank underwriters made more than 12 million subprime mortgages with a value of nearly $2 trillion. The lenders who made these were exempt from federal regulations.
Lest We Forget Why We Had A Financial Crisis - Forbes
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
[ More than 84 percent of the sub-prime mortgages in 2006 were issued by private lending.
like we know how many we are supposed to have?
Yes. If you understand demographic trends, simple supply and demand dynamics, and can do grade three math, you can figure out roughly how many homes need to be built each year.
Economic News Today: Housing Starts Soar To 2014 High; Inflation Tame - Investors.com
Good news. Who wants to celebrate with me?
Why do you think builders are stupid?
Why do you think builders are stupid?
Builders are not stupid...Why do you think builders are stupid?
.
Builders are not stupid...Why do you think builders are stupid?
.
well if liberals can say Banksters were stupid you can say builders, and all those connected directly and indirectly to the industry, were too since they did not foresee the bubble bursting or even the bubble! The truth is, a market behaves very very irrationally when there is massive liberal govt inteference from 100 different directions. In that case there is no predicting the future. Most elected to simply keep dancing until the music stopped!
How incorrect. There are many condo and housing developments that do not allow FHAs etc.
, our Gov can take a bow for most of this...
I stand corrected. You are incorrect and a dick.
The Obama Administration is hellbent on repeating history by pressuring banks to loan money to unqualified borrowers...cuz that worked so well in the 2000s.
How much was the down payment????
How much did the FHA DPA borrower have at risk???
Is this too much to ask???
I have always known you have no clue, but Google couldn't answer this one for you could it?
The Sub Prime Stated Zero Down Loan made it's way to the market due to FHA DPA and Clintoon gave birth to it in late '96, Fact...
You're drowning in your own shit...
and all were purchased with money created by the Fed to stimulate the economy, most were bought or guaranteed by Fanny Freddie, and all were further secured by the Greenspan Put,i.e., the continuous printing of money to keep housing prices going up as they always had to, in effect, guarantee there was no downside risk to any party associated with any mortgage!
See why they say dumbto3?
Now this is stupid...
There is a law called the Equal Housing Act...
You cannot tell people you will not sell them a home because they are going to use FHA DPA or Sub Prime loans as their means to purchase...
Instead of trying to find someone to blame, our Gov can take a bow for most of this...