Words fail me, so... no comment.
1 posted on
07/01/2009 5:55:12 PM PDT by
CutePuppy
To: CutePuppy
2 posted on
07/01/2009 5:55:58 PM PDT by
KSCITYBOY
To: CutePuppy
Un fricking believable!
4 posted on
07/01/2009 6:01:21 PM PDT by
JoSixChip
To: CutePuppy
Some of the same ol’ sh** that started us down the road to economic ruin. I guess they’re making sure they get the job done destroying us this time.
5 posted on
07/01/2009 6:22:48 PM PDT by
ScottinVA
(Impeach President Soros!!!)
To: CutePuppy
The problem nowadays is that you can’t parody the stupidity of the Government because they’ve done it for you.
6 posted on
07/01/2009 6:25:02 PM PDT by
Timocrat
To: CutePuppy
Inflation, wild, runaway, double digit inflation is the only ‘rational’ way out of the mess we’re in.
125% loan-to-value today is 65% loan-to-value in 10 years.
$1.50 for First Class postage, $8 for milk and $10 for gas.
7 posted on
07/01/2009 6:29:14 PM PDT by
Balding_Eagle
(Overproduction, one of the top five worries for the American farmer.)
To: CutePuppy
Refinance Rules Expanding to 125% Loan-to-Value Ahh...Isn't that what got us where we are today?
9 posted on
07/01/2009 6:40:02 PM PDT by
paul51
(11 September 2001 - Never forget)
To: CutePuppy
New loans to crash and burn...
11 posted on
07/01/2009 6:50:21 PM PDT by
GOPJ
(Duke University official offers to SELL a black five year old for rape parties & the MSM looks away?)
To: CutePuppy
Fannie-Freddie is a
welfare-to-work program for FOBs (Friends of Bubba, Friends of Barry, Friends of Barney)
12 posted on
07/01/2009 7:13:35 PM PDT by
SERKIT
("Blazing Saddles" explains it all.....)
To: CutePuppy
They are out of control. An armed revolt will be comimg and will be necessary.
13 posted on
07/01/2009 7:18:35 PM PDT by
bfree
(Obamie the Commie-- FBO)
To: CutePuppy
This only makes sense if the investor is already on the hook for the loan anyway and the loan does not increase the term or the loan amount. Yes, they may get a lower interest rate but if they have a greater chance of at least getting the principal back, it may be better than a default.
Now, as complicated as Freddie and Fannie are, I don’t see how this can work out because investors are going to shy away from these loans if they are smart and who is going to end up buying them?
14 posted on
07/01/2009 7:18:44 PM PDT by
gunnut
To: CutePuppy
When will freedom day come, when there is nothing left to take away from freedom?
15 posted on
07/01/2009 7:26:00 PM PDT by
EGPWS
(Trust in God, question everyone else)
To: CutePuppy
BWAHAHAHA!!!
Oh yeah. Let's have the government fix mortgage lending.
16 posted on
07/01/2009 7:28:50 PM PDT by
GVnana
To: CutePuppy
OK wait a minute...how does this work? If your mortgage is higher than the value of the house, whether by devalued house or you got a line of credit or cash on top of the mortgage, how is refinancing with an even higher disparity going to do anything but put you in a deeper hole?
18 posted on
07/01/2009 7:43:55 PM PDT by
visualops
(portraits.artlife.us or visit my freeper page)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson