Only if your boy DINGY or Miss America put it in there. FHA and VA will not lend to anyone who is not either a citizen or a permanent resident alien. No bu!!sh!t Tax ID numbers Se Hablo Espanol, No Credit Check stuff. That is why I say, if its an insurance program, that means that there will have to be criteria, guidelines, and a underwriting process to get the insurance. In an auction situation, you will potentially have clowns in wall street taking two good loans and showing those to the fed and bundling 98 bad loans and auctioning it off. If there is insurance, someone with capital, like a buffett, takes the risk, and we only pay on a default.
I'm not sure to whom you're referring, but I'm a fan of very, very few folks in DC, least of all, Bush. This includes all the democraps and the vast majority of republipukes.
Does this insurance program only cover FHA and VA loans? Or, does it cover loans to so-called low-income minority homeowners, a.k.a.: Mexican illegal aliens.
You see, it was Bush to actively sought to change the banking rules to allow Mexican illegal aliens to obtain US banking goods and services in the first place.
In an auction situation, you will potentially have clowns in wall street taking two good loans and showing those to the fed and bundling 98 bad loans and auctioning it off. If there is insurance, someone with capital, like a buffett, takes the risk, and we only pay on a default.
Who defaulted on their loans? Do you have demographic data that shows the break-down of the defaults to date, such as whether the loans were US ID and SSN or ITIN and Matricula Consular as well as the percentage of both for all lenders who would be taking advantage of this insurance program?
I ask only because you said earlier that we should flood DC with calls to support this program, but I want to make sure of what I'm actually supporting before I make any calls.