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1   MisterLefty   ignore (0)   2018 Apr 29, 10:39am   ↑ like (2)   ↓ dislike (1)   quote   flag        

"n other words, whereas many Americans could not qualify for the original 3% down program because, well, they lacked virtually any income, that will no longer be a hindrance and the government will effectively backstop the lack of income as a new wave of 'income-challenged' Americans rushes in to buy houses."

What a great country!
2   HEYYOU   ignore (25)   2018 Apr 29, 10:50am   ↑ like (1)   ↓ dislike (1)   quote   flag        

American entitlement or Free Market entrepreneurship?
Republican voters will reject this handout.They will live in a two story cardboard box under a bridge before accepting any form of socialism.

Republicans are in charge 25/7( They are the best,one more hour a day.)
It's on 25/7. Gird your loins!
3   FortWayne   ignore (4)   2018 Apr 29, 11:03am   ↑ like (1)   ↓ dislike (0)   quote   flag        

What happens if they can't pay the bills?
4   mell   ignore (1)   2018 Apr 29, 1:36pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Well at least anybody can take advantage of it even the less-risky better-earners. I'd love not having my money tied up on the principal down payment. Stupid to bring it back but don't hate the player, hate the game ;)
5   everything   ignore (1)   2018 Apr 29, 2:15pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

SImple.. It's time to get some money from the low rent drug dealer types with the $1,000 smartphones and fancy rims. Cash is cash, and the banks get the money on the front end of the loan not caring about future. Money laundering for dummies - buy a house. Just need to be a first time buyer.
Just a theory is all.
6   TrumpingTits   ignore (1)   2018 Apr 29, 6:25pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

MisterLefty says
"n other words, whereas many Americans could not qualify for the original 3% down program because, well, they lacked virtually any income, that will no longer be a hindrance and the government will effectively backstop the lack of income as a new wave of 'income-challenged' Americans rushes in to buy houses."


A part of me would like to react in shock. But that is the part that would be lying as I am not shocked at all.
7   TrumpingTits   ignore (1)   2018 Apr 29, 6:27pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HEYYOU says
American entitlement or Free Market entrepreneurship?
Republican voters will reject this handout.They will live in a two story cardboard box under a bridge before accepting any form of socialism.


I will refuse this. I'll keep on renting, but I will refuse that loan.

I notice how you blame the financial victim and not the pusher of this financial crack, tho. Typical leftwing hypocrite.
8   Malcolm   ignore (1)   2018 Apr 29, 6:36pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

mell says
Right on time!


Here we go again!!!
9   TrumpingTits   ignore (1)   2018 Apr 29, 6:37pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

FortWayne says
What happens if they can't pay the bills?


Someone posted on another post about California providing PRINCIPLE mortgage relief up to $100,000 to help prevent foreclosure. I sure would love to see where the State is going to get the money for that.

LATER EDIT: Here is that post ~ https://patrick.net/post/1312974/2018-01-09-did-we-just-pop-a-new-housing-bubble-http-keepyourhomecalifornia-org-programs-principal-reduction
10   APOCALYPSEFUCKisShostikovitch   ignore (36)   2018 Apr 30, 3:02am   ↑ like (1)   ↓ dislike (0)   quote   flag        

This leaves people without a pulse or income without a path to home ownership.
11   Booger   ignore (2)   2018 Apr 30, 5:29am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Can I short Freddie Mac?
12   jonmaddux   ignore (0)   2018 Apr 30, 7:26am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Guys. This means something entirely different than the author of the article is interpreting. So funny. He thinks it’s a no income loan when in fact all they are doing is saying “we won’t limit this program to the low income households” they will offer 3% down across the board. They still have heavy income qualification restrictions. This is fake news.


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