Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Creator of Freddie Mac’s Home Possible goes to FHA ( The Creator of Housing Blue Print bubble???)
Hot Air ^ | March 24, 2009 | Ed Morrissey

Posted on 03/25/2009 9:05:06 AM PDT by Ernest_at_the_Beach

Yesterday, the Obama administration announced the appointment of David Stevens to run the Federal Housing Administration (FHA). The appointment got little attention from the media, but his Senate confirmation hearing might prove more interesting. Stevens will have to explain his work for Freddie Mac in the years when the mortgage giant fueled a lending frenzy, mostly through Stevens’ own work on a program called Home Possible.

*****************************snip**************************

Stevens’ experience at Freddie Mac should prove instructive. The Home Possible program that Stevens launched practically gives a blueprint for the housing-bubble collapse and the government’s role in it:

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: financialcrisis; homepossible; housingbubble
Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 next last
To: All
From the Wall Street Journal:

Obama to Appoint Mortgage Executive to Head FHA

21 posted on 03/25/2009 10:45:47 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

Oooo more CHANGE! I can hardly wait.


22 posted on 03/25/2009 10:53:46 AM PDT by Lorianne
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

The secret is out: You can buy a home with very little down [2005 article]

http://seattlerealestatetalk.com/2005/07/10/the-secret-is-out-you-can-buy-a-home-with-very-little-down/


23 posted on 03/25/2009 11:02:45 AM PDT by Lorianne
[ Post Reply | Private Reply | To 1 | View Replies]

To: potlatch

.

My liberal NYC sister’s short comment on Fannie Mae - Freddie Mac - Hussein II mortgages:

“No down payment and no background/income checks? That’s insane!”

.


24 posted on 03/25/2009 11:17:57 AM PDT by devolve (-- "... my Muslim faith....." ABC-TV with Steffi --)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne
From the comments....

*****************************

Oct 6th, 2007 at 8:56 pm

Yes, it is possible, Yes it can be done!

My wife an I havd purchased 4 homes without one cent out of our pocket. We have even rolled the closing costs into the loan by offering either slightly higher then the asking price or offering full price and including a credit back to the buyer to use as they wish … landscapping, kitchen work or closing costs.

Great post Joanne,

Tony


25 posted on 03/25/2009 11:20:13 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MeekOneGOP

Thanks for the heads up.


26 posted on 03/25/2009 11:20:47 AM PDT by Liz (I was like Snow White, then I drifted. Mae West (on liberalism.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Lorianne; rockinqsranch; PMAS; MeekOneGOP; Myrddin
See #23 & #25....

Wonder if it was thru the same office....???

27 posted on 03/25/2009 11:23:32 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Liz

See #25.


28 posted on 03/25/2009 11:24:42 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 26 | View Replies]

To: All; GOP_Lady
This guy was critical of President Bush...read that somewhere....related thread:

President Bush Tried to Rein In Fan and Fred,

29 posted on 03/25/2009 11:35:27 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

bttt


30 posted on 03/25/2009 11:40:59 AM PDT by sweetiepiezer (I have a Pal in Sarah)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Ernest_at_the_Beach

Thanks for the ping.


31 posted on 03/25/2009 11:56:24 AM PDT by GOPJ (Dem's are making *an example of AIG - business will fall in line or else. (*Easier to "shake-down"))
[ Post Reply | Private Reply | To 7 | View Replies]

To: Ernest_at_the_Beach

Thanks again Earnest_at_the_Beach. I’m keeping the link on file for this one as it should be a good reference in the future.


32 posted on 03/25/2009 12:02:30 PM PDT by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Ernest_at_the_Beach

I see the headline as: “FOX APPOINTED SUPERINTENDENT OF CHICKEN COOP”.

Too long.

“FOX GETS COOP’


33 posted on 03/25/2009 12:05:12 PM PDT by RoadTest (The heart is deceitful above all things, and desperately wicked: who can know it? - Jer.17:9)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ernest_at_the_Beach

Astounding at the lack of quality of obozo employees.


34 posted on 03/25/2009 12:48:57 PM PDT by lilylangtree (Veni, Vidi, Vici)
[ Post Reply | Private Reply | To 1 | View Replies]

To: devolve

Hope that was a fairly recent reply, would show she is learning some things.


35 posted on 03/25/2009 2:42:31 PM PDT by potlatch
[ Post Reply | Private Reply | To 24 | View Replies]

To: Ernest_at_the_Beach; MeekOneGOP

Thanks for pings!


36 posted on 03/25/2009 2:44:21 PM PDT by potlatch
[ Post Reply | Private Reply | To 10 | View Replies]

To: Ernest_at_the_Beach

Thank you, Ernest_at_the_Beach.

This is the most shocking editorial that I have ever seen.

Pass it around everyone — that’s what I’ve been doing.


37 posted on 03/25/2009 3:09:51 PM PDT by GOP_Lady
[ Post Reply | Private Reply | To 29 | View Replies]

To: Ernest_at_the_Beach

David Stevens is not competent to run anything.


38 posted on 03/25/2009 3:26:07 PM PDT by GOP_Lady
[ Post Reply | Private Reply | To 29 | View Replies]

To: Ernest_at_the_Beach; SouthTexas; glock rocks
Stevens,is a former Freddie Mac mortgage executive,,.....

and Tubebender is currently throwing up...

39 posted on 03/25/2009 4:21:53 PM PDT by tubebender (99% of Lawyers give the rest a bad name...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ernest_at_the_Beach
Sounds like another good pick. I've heard that Dr Kevorkian is the next HHS pick,
40 posted on 03/25/2009 4:39:16 PM PDT by Conspiracy Guy (I voted Republican because no Conservatives were running.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson