Obama takes us there again. Banks issue home mortgages at 3% DOWN

[ShootSpeeders]

And when this collapses, the banks will demand another bailout.

Wells Fargo launches 3% down payment mortgage

may 23 2016 Branded "yourFirstMortgage," Wells Fargo's new product has a minimum down payment of 3 percent for a fixed-rate conventional mortgage of up to $417,000. Down payment help can come from gifts and community-assistance programs. Customers are not required to complete a homebuyer education course, but if they do, they may earn a 1/8 percent interest rate reduction. The minimum FICO score for these loans, which are underwritten according to Fannie Mae standards, is 620. Mortgage insurance can either be rolled in to the cost of the loan or purchased separately by the borrower.

Blackwell said either way, the monthly payment is less than a government-insured FHA loan. More importantly, it's simpler than other 3 percent down payment products already in the market, some of which have specific income and counseling requirements.

 

[Fenton Lum]

And when this collapses, the banks will demand another bailout.

Wells Fargo launches 3% down payment mortgage

may 23 2016 Branded "yourFirstMortgage," Wells Fargo's new product has a minimum down payment of 3 percent for a fixed-rate conventional mortgage of up to $417,000. Down payment help can come from gifts and community-assistance programs. Customers are not required to complete a homebuyer education course, but if they do, they may earn a 1/8 percent interest rate reduction. The minimum FICO score for these loans, which are underwritten according to Fannie Mae standards, is 620. Mortgage insurance can either be rolled in to the cost of the loan or purchased separately by the borrower.

Blackwell said either way, the monthly payment is less than a government-insured FHA loan. More importantly, it's simpler than other 3 percent down payment products already in the market, some of which have specific income and counseling requirements.

And if they do ask for another bailout, they'll get it. Regardless of whether in that moment we have a "conservative" or a "liberal" administration and/or congress.

Hmmmmmmmmmmmm...

 

[Jackson]

And when this collapses, the banks will demand another bailout.

Wells Fargo launches 3% down payment mortgage

may 23 2016 Branded "yourFirstMortgage," Wells Fargo's new product has a minimum down payment of 3 percent for a fixed-rate conventional mortgage of up to $417,000. Down payment help can come from gifts and community-assistance programs. Customers are not required to complete a homebuyer education course, but if they do, they may earn a 1/8 percent interest rate reduction. The minimum FICO score for these loans, which are underwritten according to Fannie Mae standards, is 620. Mortgage insurance can either be rolled in to the cost of the loan or purchased separately by the borrower.

Blackwell said either way, the monthly payment is less than a government-insured FHA loan. More importantly, it's simpler than other 3 percent down payment products already in the market, some of which have specific income and counseling requirements.

Swell. Let's pray Trump gets in and stops this madness. Will we ever learn?

 

[Fenton Lum]

And when this collapses, the banks will demand another bailout.

Wells Fargo launches 3% down payment mortgage

may 23 2016 Branded "yourFirstMortgage," Wells Fargo's new product has a minimum down payment of 3 percent for a fixed-rate conventional mortgage of up to $417,000. Down payment help can come from gifts and community-assistance programs. Customers are not required to complete a homebuyer education course, but if they do, they may earn a 1/8 percent interest rate reduction. The minimum FICO score for these loans, which are underwritten according to Fannie Mae standards, is 620. Mortgage insurance can either be rolled in to the cost of the loan or purchased separately by the borrower.

Blackwell said either way, the monthly payment is less than a government-insured FHA loan. More importantly, it's simpler than other 3 percent down payment products already in the market, some of which have specific income and counseling requirements.

Swell. Let's pray Trump gets in and stops this madness. Will we ever learn?

You won't if you actually think any personality you swap out is going to change the system while we all stay home on the couch, no.

 

[Dont Taz Me Bro]

Obama gave the order?

 

[Juan de Fuca]

If banks and greedy Wall Street traders hadn't plunged us into darkness, there is a real possibility that all those foreclosures would never have happened. America would be a different place and the fact our destruction was delivered by banks and Wall Street is glaring. The little guys just need regular continuing work to do their part.

 

[Jackson]

If banks and greedy Wall Street traders hadn't plunged us into darkness, there is a real possibility that all those foreclosures would never have happened. America would be a different place and the fact our destruction was delivered by banks and Wall Street is glaring. The little guys just need regular continuing work to do their part.

You mean those who paid Hillary hundreds of thousands for one speech? The one who will not release the transcripts of speeches to the same Wall Street and Big Bankers?

 

[Juan de Fuca]

If banks and greedy Wall Street traders hadn't plunged us into darkness, there is a real possibility that all those foreclosures would never have happened. America would be a different place and the fact our destruction was delivered by banks and Wall Street is glaring. The little guys just need regular continuing work to do their part.

You mean those who paid Hillary hundreds of thousands for one speech? The one who will not release the transcripts of speeches to the same Wall Street and Big Bankers?

They paid a lot of money to a lot of people. Singling out Clinton is certainly okay to do, but not while there were so many other greedy hands out. I wonder why we never hear about them?

 

[ShootSpeeders]

Swell. Let's pray Trump gets in and stops this madness. Will we ever learn?

I hope trump is our next prez but i doubt it will matter. Obozo is something of an outsider himself but he proved to be as corrupt as all other politicians.

 

[ShootSpeeders]

If banks and greedy Wall Street traders hadn't plunged us into darkness, there is a real possibility that all those foreclosures would never have happened. America would be a different place and the fact our destruction was delivered by banks and Wall Street is glaring. The little guys just need regular continuing work to do their part.

I hate the banksters too but they didn't force anybody to take out home loans. The little guys have to recognize there's only one rule to personal finance. Never buy anything on credit. I never have.

 

[Juan de Fuca]

If banks and greedy Wall Street traders hadn't plunged us into darkness, there is a real possibility that all those foreclosures would never have happened. America would be a different place and the fact our destruction was delivered by banks and Wall Street is glaring. The little guys just need regular continuing work to do their part.

I hate the banksters too but they didn't force anybody to take out home loans. The little guys have to recognize there's only one rule to personal finance. Never buy anything on credit. I never have.

By your metric no one should own a home unless they pay cash, in our society that would hardly work. My point was that had the banksters not plunged us into a catastrophe all those home loans could have been paid down by almost half by now and those homeowners would have had equity to send their kids to college or could start planning on a cushy retirement. Home ownership is a wealth builder, my folks bought a rustic beach house in Laguna Beach Ca, for $16,000 in the 60's and it sold by their estate for just over $2 million last year.