San Francisco Homeless At Crisis Levels (companies, economy, financial crisis, money)

[TrexDigit]

Originally Posted by petlover8

Not 97% of it.

All credit markets - not just 3.5% FHA loans.

[freemkt]

Originally Posted by petlover8

You should have asked for your money back. You obviously didn't learn much.

And that would have accomplished what?

[petlover8]

Originally Posted by freemkt

A drop in the budget compared with all the homeowner tax breaks, subsidies, and bailouts.

And that makes it OK?

[InformedConsent]

Originally Posted by TrexDigit

All credit markets - not just 3.5% FHA loans.

Fannie Mae pioneered the 3% down payment loans in the mid 1990s. The private sector then followed suit.

The 3 percent option is now entering mainstream borrowing, as private mortgage insurance companies and state-sponsored mortgage programs copy the Fannie Mae model.

June 5, 1994:
YOUR HOME - Paying Just 3% Down - NYTimes.com

[TrexDigit]

Originally Posted by InformedConsent

Fannie Mae pioneered the 3% down payment loans in the mid 1990s. The private sector then followed suit.

June 5, 1994:
YOUR HOME - Paying Just 3% Down - NYTimes.com

And these loans also do not represent the entire market of .... credit.

[ringwise]

Originally Posted by freemkt

A drop in the budget compared with all the homeowner tax breaks, subsidies, and bailouts.

Still waiting for that influx of cash.............

[InformedConsent]

Originally Posted by TrexDigit

And these loans also do not represent the entire market of .... credit.

Once again, the automated underwriting systems foisted upon loan originators by the GSEs in 1993 OVER-APPROVED loans by 65%, compared to manual underwriting. ALL of that 65% were high-risk.

[freemkt]

Originally Posted by petlover8

And that makes it OK?

If you are a beneficiary, arguably yes.

[TrexDigit]

Originally Posted by InformedConsent

Once again, the automated underwriting systems foisted upon loan originators by the GSEs in 1993 OVER-APPROVED loans by 65%, compared to manual underwriting. ALL of that 65% were high-risk.

Oh... you still think the US economy is housing guidelines.

lol

[petlover8]

Originally Posted by freemkt

If you are a beneficiary, arguably yes.

You've just told me all I need to know about you.