Democrats trying to do it again......

[NOVA]

http://nypost.com/2016/04/09/team-obama-is-setting-us-up-for-another-housing-market-collapse/

The Obama administration is doing its best to give the nation another mortgage meltdown.

As Paul Sperry recently noted in The Post, Team Obama has pushed mortgage lenders to offer home loans to folks with shaky credit, setting up conditions for another housing-market collapse.
Wasn’t the last one bad enough?

Credit scores of approved borrowers, for example, have been trending down, even as their debt levels have grown.

The Federal Housing Administration and government-sponsored “independent” lenders Fannie Mae and Freddie Mac have been demanding lower credit standards — just as the feds did starting under President Bill Clinton, in pursuit of the same “affordable housing” goal.

Some borrowers need only put 3 percent down to get a Fannie Mae loan — even if the downpayment is a gift. Fannie also has started up a new subprime-lending program.

The Office of the Comptroller of the Currency recently warned that mortgage underwriting standards have slipped and now reflect “broad trends similar to those experienced from 2005 through 2007, before the most recent financial crisis.”

Can't wait to see how they will blame it on Bush again......

 

[canceled.2021.1]

What could go wrong?

 

[Rune]

http://nypost.com/2016/04/09/team-obama-is-setting-us-up-for-another-housing-market-collapse/

The Obama administration is doing its best to give the nation another mortgage meltdown.

As Paul Sperry recently noted in The Post, Team Obama has pushed mortgage lenders to offer home loans to folks with shaky credit, setting up conditions for another housing-market collapse.
Wasn’t the last one bad enough?

Credit scores of approved borrowers, for example, have been trending down, even as their debt levels have grown.

The Federal Housing Administration and government-sponsored “independent” lenders Fannie Mae and Freddie Mac have been demanding lower credit standards — just as the feds did starting under President Bill Clinton, in pursuit of the same “affordable housing” goal.

Some borrowers need only put 3 percent down to get a Fannie Mae loan — even if the downpayment is a gift. Fannie also has started up a new subprime-lending program.

The Office of the Comptroller of the Currency recently warned that mortgage underwriting standards have slipped and now reflect “broad trends similar to those experienced from 2005 through 2007, before the most recent financial crisis.”

Can't wait to see how they will blame it on Bush again......

Do you read your own writing,retard?

 

[Cancel 2020.1]

Poor Bush. The innocent bystander President.

Dems forced him to go to war, and sneakily made the '08 crash happen. He was helpless.

 

[canceled.2021.1]

Poor Bush. The innocent bystander President.

Dems forced him to go to war, and sneakily made the '08 crash happen. He was helpless.

I know you have a hard on for the war and are blind to all of the democrats who gave authorization.

But that isn't what this thread is about.

I guess you have nothing to offer other than your rehash of the Iraq war?

 

[Cancel 2020.1]

I know you have a hard on for the war and are blind to all of the democrats who gave authorization.

But that isn't what this thread is about.

I guess you have nothing to offer other than your rehash of the Iraq war?

Just highlighting NOVA's role on JPP of "resident Bush apologist."

What's it to ya?

 

[Celticguy]

I know you have a hard on for the war and are blind to all of the democrats who gave authorization.

But that isn't what this thread is about.

I guess you have nothing to offer other than your rehash of the Iraq war?

Seems to want to pretend who was behind twisting down requirements the last time too. I'm shocked...

 

[Cancel 2020.1]

Why does the buck stop with the President on the economy in every single admin except for Bush's?

Are we really supposed to believe that Barney Frank had more power to do something than Bush did?

 

[Celticguy]

Why does the buck stop with the President on the economy in every single admin except for Bush's?

Are we really supposed to believe that Barney Frank had more power to do something than Bush did?

Barney did have specific authority for oversight of SEC related and told Congress there were no problems 2 weeks before things hit the fan.

 

[canceled.2021.1]

Why does the buck stop with the President on the economy in every single admin except for Bush's?

Are we really supposed to believe that Barney Frank had more power to do something than Bush did?

Nobody is saying it does or doesn't. You are distracting from the OP. I guess I understand why. You don't want your affirmative action president to be blamed for anything

 

[Cancel 2020.1]

Nobody is saying it does or doesn't. You are distracting from the OP. I guess I understand why. You don't want your affirmative action president to be blamed for anything

Kind of funny since that's exactly what Celticguy was saying in the post before this one, and clearly what NOVA was implying in the OP.

I've had no problem criticizing Obama, who I didn't vote for in '12. Maybe something should actually happen on this topic first before blaming him for this specifically?

 

[The Dude]

Getting finance info from someone who shit on the gi Bill is a no go!

 

[canceled.2021.1]

Kind of funny since that's exactly what Celticguy was saying in the post before this one, and clearly what NOVA was implying in the OP.

I've had no problem criticizing Obama, who I didn't vote for in '12. Maybe something should actually happen on this topic first before blaming him for this specifically?

So you think employing the same lax lending standards that caused the first housing crisis will have a different outcome?

Let me guess? When it goes to shit there will be a republican in office and then you can blame them right? You are fucking Deshtard stupid

 

[canceled.2021.1]

Getting finance info from someone who shit on the gi Bill is a no go!

Yes Grand Wizard of Finance tell us what you the Bookkeeper from Chalmette thinks about lowering lending standards for housing.

 

[Cancel 2020.1]

So you think employing the same lax lending standards that caused the first housing crisis will have a different outcome?

Let me guess? When it goes to shit there will be a republican in office and then you can blame them right? You are fucking Deshtard stupid

Make no mistake about this, ever: you have very little in the way of intelligence. You call a lot of posters on here "stupid," but you are one of the most simplistic, linear thinkers I think I've ever seen on here.

To suggest that the practices outlined in the OP are similar to the lead-up to the '08 crash - either in characteristic or scale - is predictably dopey.

 

[NOVA]

Do you read your own writing,retard?

Something on your little peabrain....?....Spit it out like your boyfriends told you.

 

[NOVA]

Make no mistake about this, ever: you have very little in the way of intelligence. You call a lot of posters on here "stupid," but you are one of the most simplistic, linear thinkers I think I've ever seen on here.

To suggest that the practices outlined in the OP are similar to the lead-up to the '08 crash - either in characteristic or scale - is predictably dopey.

You actually think you're smarter than the liberal mentioned in the op ?.....tell us what prestigious positions you've held compared to him....

You'll never pass your history test if you can't accept reality.....

 

[canceled.2021.1]

Make no mistake about this, ever: you have very little in the way of intelligence. You call a lot of posters on here "stupid," but you are one of the most simplistic, linear thinkers I think I've ever seen on here.

To suggest that the practices outlined in the OP are similar to the lead-up to the '08 crash - either in characteristic or scale - is predictably dopey.

Well explain how they are different? I guess we can put you down as supportive of lending to people with no money. What could go wrong right?

 

[zappasguitar]

Well explain how they are different? I guess we can put you down as supportive of lending to people with no money. What could go wrong right?

ROFL!

Nowhere in the OP did it imply banks would be lending money to "people with no money", but hey, that's just the kind of "honest discussion" we always expect from IHA.

 

[canceled.2021.1]

http://nypost.com/2016/04/09/team-obama-is-setting-us-up-for-another-housing-market-collapse/

The Obama administration is doing its best to give the nation another mortgage meltdown.

As Paul Sperry recently noted in The Post, Team Obama has pushed mortgage lenders to offer home loans to folks with shaky credit, setting up conditions for another housing-market collapse

Credit scores of approved borrowers, for example, have been trending down, even as their debt levels have grown.


Some borrowers need only put 3 percent down to get a Fannie Mae loan — even if the downpayment is a gift. Fannie also has started up a new subprime-lending program......

Now we know why Zippehead is afraid to debate me one on one

The article implies that they are lending to people with no money. Poor Zipperhead

I guess if you need a gift for a 3% downpayment that is a sign you are LOADED

Now I can sit back and watch Zipperhead dissemble and parse words. I command you Zipperhead. Parse these words like I order you to do. Be my bitch.