Obama Urges Banks to Make Home Loans to People With Weak Credit... Again??

[Sunshine]

Whatever happened to the days of coming up with a down payment
of at least 20% and having good credit?....

They went the way of Monica Lewinsky.

 

[LogikAndReazon]

20 % down pmt, good credit, verified employment, and income checks........or no loan. Its simple, you cant afford a home you dont get one.........

 

[LogikAndReazon]

20 % down pmt, good credit, verified employment, and income checks........or no loan. Its simple, you cant afford a home you dont get one.........

Thats just so damned racist and unfair............lol

 

[buckeye45_73]

20 % down pmt, good credit, verified employment, and income checks........or no loan. Its simple, you cant afford a home you dont get one.........

Thats just so damned racist and unfair............lol

You just nailed it...it was affirmative action housing before, and look where we are....Obama wants banks to loan to people who cant pay, yet when they foreclose on the loans, they'll be called predators.....Liberals really are facists...they like to have private companies, but only so they can project failure and blame on them and not on their own stupid policies......and the wheels on the bus go round and round.

 

[buckeye45_73]

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession

translation.....minorities.....who doesnt get that?????
it's the same old situation, and when it crashes again maybe the democrats will get lucky and republican will be in office to blame......God these people are stupid