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1   MisterLefty   2018 Apr 29, 10:39am  

"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   FortWayne   2018 Apr 29, 11:03am  

What happens if they can't pay the bills?
3   mell   2018 Apr 29, 1:36pm  

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 ;)
4   everything   2018 Apr 29, 2:15pm  

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.
5   Malcolm   2018 Apr 29, 6:36pm  

mell says
Right on time!


Here we go again!!!
6   Booger   2018 Apr 30, 5:29am  

Can I short Freddie Mac?
7   jonmaddux   2018 Apr 30, 7:26am  

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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