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Maybe I should clarify - I don't mean candidates working together, or elected officials working together, I mean all the rest of us who are getting screwed. You know, the one's who can't afford to retire in Dubai or Paraguay.
So, what do you propose we do, exactly?
Our input to the federal government comes up when there's an election. Between elections, there seems to be very little accountability. even now, with an election just weeks away, we're being brow-beaten with a bail-out plan that is never explained, just presented as a "do it or else" choice. And this bail-out is totally the result of a failure of accountability. The financial wizards on Wall St will use this to escape accountability for their greed and stupidity. The pols in DC will use our money to let them off the hook.
So, exactly what part do you or I play in this process?
Our input to the federal government comes up when there's an election. Between elections, there seems to be very little accountability. even now, with an election just weeks away, we're being brow-beaten with a bail-out plan that is never explained, just presented as a "do it or else" choice. And this bail-out is totally the result of a failure of accountability. The financial wizards on Wall St will use this to escape accountability for their greed and stupidity. The pols in DC will use our money to let them off the hook.
So, exactly what part do you or I play in this process?
Hopefully a revolutionary one. Hopefully this fiasco if not downplayed severly will be enough to have another moment where we all come together (like 9/11) even if only for long enough to hold those accountable who are at fault and determine who the best people are to lead...but still in my mind I have this saying going through it over and over...
"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men."
Down Payment Assistance programs sponsored by the Government have qualifications that had to be met by borrowers particularly if they were going to use an FHA loan.
DPA's were independent of FHA. They were funded by grants and the requirements, in my experience, were little more than having questionable credit and a low income. In fact, DPA's rewarded borrowers to not go with FHA because requirements were higher and loans more difficult.
So tell me, are you throwing out a red herring because you don't know what you're talking about or because you thought I didn't?
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Down Payment Assistance programs work in conjunction with a qualifying loan product and must meet eligibility requirements which often include required new homeownership courses to educate the borrower.
The only "qualifying loan product" was the one whose guidelines were loose enough to get a cockroach to fit.
I have never seen any course connected to one.
Also, you mention "Ameridream". Ameridream is a dirty system. It's legalized money laundering.
I passed Ben and Jerry's last night in the ice cream aisle and said to myself, "Ewwwwwww"
and picked a Breyer's instead
.
Good choice but don't rule out good ole Hershey's! I LOVE ice cream, pretty bland and conventional vanilla and or chocolate! Most everything else is like putting pineapple on pizza, it just doesn't belong!
DPA's were independent of FHA. They were funded by grants and the requirements, in my experience, were little more than having questionable credit and a low income. In fact, DPA's rewarded borrowers to not go with FHA because requirements were higher and loans more difficult.
So tell me, are you throwing out a red herring because you don't know what you're talking about or because you thought I didn't?
The only "qualifying loan product" was the one whose guidelines were loose enough to get a cockroach to fit.
I have never seen any course connected to one.
Also, you mention "Ameridream". Ameridream is a dirty system. It's legalized money laundering.
It's clear to everyone but you that you have no idea what you're talking about. "In my experience"...lol. Who cares if you've never seen a course. I've never seen the wind, and I know it exists. DPA's work in CONJUNCTION with FHA loan products. Legalized money laundering, yeah, we've heard the banking system described the same way by extremists for years, they still deposit their money and buy products with loans. Don't bother responding, waste your energy elswhere.
It's clear to everyone but you that you have no idea what you're talking about.
I'd love to believe you, but the absence of facts makes me think you're socializing with others as confused as you... go figure.
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"In my experience"...lol.
I was promoted pretty fast from processor to jr. underwriter to underwriter and then auditor. Because I had the 4155 practically memorized, I was typically the go-to guy for FHA.
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Who cares if you've never seen a course. I've never seen the wind, and I know it exists.
Yeah, but you can feel it. Your courses are almost purely theoretical... they're like big foot: Some people talk about it, but no one really believes they exist.
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DPA's work in CONJUNCTION with FHA loan products.
Of course they can. However, you said "Down Payment Assistance programs sponsored by the Government have qualifications that had to be met by borrowers particularly if they were going to use an FHA loan."
But only brokers with one lender and a phone line that's occasionally disconnected would be using FHA in the last, almost, ten years because there's only two reasons-- work history and alternative credit lines-- to go FHA. So, again, you're just making it up. You don't know anything about the actual practices in the mortgage industry. It's silly to bring up the FHA requirements... it's nonsense.
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Legalized money laundering, yeah, we've heard the banking system described the same way by extremists for years, they still deposit their money and buy products with loans. Don't bother responding, waste your energy elswhere.
The difference between banking and Ameridream is that Ameridream is used to circumvent seller concessions that the guidelines wouldn't allow and the company takes a cut. That's money laundering.
I can almost feel my IQ dropping a few points closer to the room-temperature average that exists in this subforum when I read it. I should probably find something better to do.
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Originally Posted by OneThousand
Stop posting.
One should consider his own advice before offering it to others.
But only brokers with one lender and a phone line that's occasionally disconnected would be using FHA in the last, almost, ten years because there's only two reasons-- work history and alternative credit lines-- to go FHA.
Uh huh. "I had, I was, I was, I had."
What about minimal down payment, is that a reason?
Don't bother responding, waste your energy elsewhere.
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I LOVE ice cream, pretty bland and conventional vanilla and or chocolate! Most everything else is like putting pineapple on pizza, it just doesn't belong!
