Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There were many that were gave bad advice also........I'm NOT excusing people for not doing their homework BUT there are certain expectations one should have. One is to get good advice from the experts.
How is that possible when the Feds have TOLD lenders to give you a loan?
No, it isn't. The Clinton Admin HUD told F&F that 50% or more of the mortgages they bought and subsequently bundled into MBS and sold as investments had to be made to low-income and/or credit-compromised borrowers.
F&F are the largest source of mortgage financing in the US.
What could possible go wrong with that federal government edict?
No, it isn't. The Clinton Admin HUD told F&F that 50% or more of the mortgages they bought and subsequently bundled into MBS and sold as investments had to be made to low-income and/or credit-compromised borrowers.
That doesn't mean they had to give them bad advice just to get higher commissions.
That doesn't mean they had to give them bad advice just to get higher commissions.
It also didn't mean that they had to create NINJA loans.....
Essentially, Uninformed's entire premise is that the poor, weak financial sector got strong armed into this whole mess and was just an innocent bystander. It's laughable. There is no debating that everyone was in on it.
Collateralized Debt Obligation. Name the collateral and the debt.
LOL. The pooled assists are the debt obligations that serve as collateral.
Did you know that CDOs sales were $30 billion in 2003 and $225 billion in 2006?
Now what is a synthetic CDO?
The financial sector had no alternative but to keep pushing threshold for risk.... The financial sector has historically NOT been able to influence government policies. AMIRITE?
That doesn't mean they had to give them bad advice just to get higher commissions.
What bad advice? How is making the loans F&F contracted with them to buy (remember Fannie Mae said Countrywide and its other "best lenders" participated in the GSEs' Affordable Lending programs) "giving bad advice?"
It was explained to you. Odd that the rest seem to be able to grasp it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
