Bachmann Used Federally Subsidized Loan for 5,200 Sq. Ft. Home (supporter, children, pay)
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Are there really no banks lending their own $$$ anymore? I paid a mortgage from 1982-2009 to the very same local bank, no one but that bank ever held the note.
What does that have anything to do with anything? I have a mortgage with BoA and they were like the 4th or 5th bank down the line that bought mine.
Obviously you fail to understand that 90% of the loans in this nation are backed by Fannie/Freddie. Yes Katiana, even those loans on the "open market".
It doesn't matter, lifelongMOgal, what 90% of the loans are backed with. lifelongMOgal, it matters what Bachmann, the big "less government" advocate does. Can't you see that she's a hypocrite, lifelongMOgal? You know, lifelongMOgal, that people on this board talk about how they refused to use some gubmint program, like food stamps, Medicaid, etc, even though they qualified, just for the principal of not taking taxpayers money. What say you to that, lifelongMOgal?
Obviously you fail to understand that 90% of the loans in this nation are backed by Fannie/Freddie. Yes Katiana, even those loans on the "open market".
So what you are saying is that you don't understand the difference between the words backed (in case of default by the borrower) and taxpayer subsidized (taxpayers help pay your interest rate).
That's pretty much explains everything. I guess words can mean anything if you don't know the definition in the first place.
This all seems to say a great deal about the people who support her.
Obviously you fail to understand that 90% of the loans in this nation are backed by Fannie/Freddie. Yes Katiana, even those loans on the "open market".
It's glaringly obvious these haters will screech at the drop of a hat about Bachmann. They make no sense at all but continue on.
Are there really no banks lending their own $$$ anymore? I paid a mortgage from 1982-2009 to the very same local bank, no one but that bank ever held the note.
That doesn't mean that the loan was not backed by Freddie/Fannie. Not selling the note does not mean a thing anymore. The federal government still backs those securities.
Are there really no banks lending their own $$$ anymore? I paid a mortgage from 1982-2009 to the very same local bank, no one but that bank ever held the note.
Credit Unions. I refi'd my loan with my credit union and I still pay the credit union.
But my first loan got sold off to Chase who became JPM who will nickel and dime you to death with fees/charges/etc.
She could hardly not get a loan elsewhere. Almost all home loans are by Freedie May and Freddie Mac in the United States.
What is the issue here?
Where was she to go?
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