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NYT 1999: Fannie Mae Eases Credit To Aid Mortgage Lending
The New York Times
| 1999
| By STEVEN A. HOLMES
Posted on 09/20/2008 4:12:48 PM PDT by Jim Robinson
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To: Jim Robinson
History shall be rewritten. The end story will be how we “took” the homes of minorities. The fact they couldn’t pay the mortgage will be an insignificant detail.
41
posted on
09/20/2008 4:38:37 PM PDT
by
enduserindy
(Just say NO to the curtain!)
To: Jim Robinson
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines.
To: Jim Robinson
43
posted on
09/20/2008 4:43:07 PM PDT
by
davidosborne
(SARAH PALIN for VP ---- McCain is just the "baggage" that comes with that VOTE !!)
To: enduserindy
So are these forclosures still going on? Are we bailing out the homeowners too or just the mortgage companies? That’s what I was trying to figure out.
44
posted on
09/20/2008 4:44:26 PM PDT
by
arichtaxpayer
(We will not tire, we will not falter, and we will not fail.)
To: Jim Robinson
Conservative talk-radio needs to be apprised of this article.
To: Jim Robinson
46
posted on
09/20/2008 4:45:57 PM PDT
by
Mad_Tom_Rackham
("The land of the Free...Because of the Brave")
To: Jim Robinson
Unbelievable, ain't it?! The country cannot survive this kind of corruption, incompetence and crookedness on a continuing basis, and it's been going on for a long time. God knows what else is going on out there. The trouble is, people are losing confidence in our institutions and government and who can blame them? The bull crap and lies tossed around during this election season is enough to gag a maggot - we, as a nation, are in deep, deep trouble.
To: Jim Robinson
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. Absolutely unbelievable.
I feel like I'm in the twilight zone.
Are these people INSANE??
Don't answer that - it was a rhetorical question.
48
posted on
09/20/2008 4:49:32 PM PDT
by
politicket
(Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
To: wagglebee
Not just that — the real answer is to ALWAYS charge a risk premium commensurate with the credit rating of the borrower. Basic finance principals were ignored by Clinton and cronies for the sake of “fairness.”
To: Jim Robinson
50
posted on
09/20/2008 4:50:14 PM PDT
by
fedupjohn
(If we try to fight the war on terror with eyes shut + ears packed with wax, innocent people will die)
To: Jim Robinson
Whew! I just checked the date of the article again. I about had a heart attack!!
51
posted on
09/20/2008 4:50:49 PM PDT
by
politicket
(Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
To: Jim Robinson
52
posted on
09/20/2008 4:52:45 PM PDT
by
KansasGirl
(READ MY LIPSTICK!!!)
To: Jim Robinson
53
posted on
09/20/2008 4:54:48 PM PDT
by
metesky
("Brethren, leave us go amongst them." Rev. Capt. Samuel Johnston Clayton - Ward Bond- The Searchers)
To: Jim Robinson
Great find.
I just sent the link to Drudge’s website. Hopefully, he will post it on his website as well.
54
posted on
09/20/2008 4:56:59 PM PDT
by
AmericaOne
(Sneaking In is NOT Immigration!!!)
To: Jim Robinson
55
posted on
09/20/2008 4:59:25 PM PDT
by
1035rep
To: Jim Robinson
Ohhh, more of that phony financial success of the ‘90s. Love it.
56
posted on
09/20/2008 5:05:21 PM PDT
by
tioga
(Bring on the debates! While Obama wows the media, McCain will win over Americans.)
To: jessduntno
‘’From the perspective of many people, including me, this is another thrift industry growing up around us,’’ said Peter Wallison a resident fellow at the American Enterprise Institute. ‘’If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.’’ Worth highlighting again!
57
posted on
09/20/2008 5:06:11 PM PDT
by
KansasGirl
(READ MY LIPSTICK!!!)
To: Jim Robinson
FLASHBACK FOR TRUTH!! AWESOME!
‘’From the perspective of many people, including me, this is another thrift industry growing up around us,’’ said Peter Wallison a resident fellow at the American Enterprise Institute. ‘’If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.’’
Wonder where Peter Wallison is now? He needs to be in McCain’s Administration...LOL!!
58
posted on
09/20/2008 5:09:24 PM PDT
by
penelopesire
("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
To: Bobkk47
After reading it I came back here to see if anyone else had focused on that paragraph.
Let’s call them what they were: QUOTAS!
Helluva way to run a company.
59
posted on
09/20/2008 5:14:32 PM PDT
by
Timeout
(The Brits have their royal family. We have our privileged "public servant" class.)
To: Jim Robinson
This is it! So perfectly preserved in history.
60
posted on
09/20/2008 5:15:39 PM PDT
by
forward
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