 New mortgage lending regulations |
| New mortgage lending regulations |
 Dec 18 2007, 09:36 AM
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
The Fed is going to be proposing some new regulations on mortgage lenders sometime today. I think this is a positive step forward, though I'd also like to see some initiatives for better consumer education (free workshops available for first time home buyers, that sort of thing).
http://money.cnn.com/2007/12/17/real_estat...dex.htm?cnn=yes -------------------- |
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Dec 19 2007, 01:24 PM
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
And all because they handed out loans to people they shouldn't have. Oh well I guess it's better than lending em the 60 billion they asked for. They need to jack the rates on them a year into payback
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Dec 19 2007, 06:39 PM
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#3
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 monogamous gays & stem cells Group: Members Posts: 3,789 Joined: 22-February 06 Member No.: 8 |
QUOTE (impala454 @ Dec 19 2007, 01:24 PM)  And all because they handed out loans to people they shouldn't have. and the people who took out the loans couldn't afford the payments (that they agreed to pay and knew what they were getting into). just giving the other half of the truth. |
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Spectatrix New mortgage lending regulations Dec 18 2007, 09:36 AM
Hartmann QUOTE Restrict use of "liar" loans. The ... Dec 18 2007, 09:42 AM Spectatrix This, on the other hand, I don't like: Fed to ... Dec 19 2007, 12:52 PM impala454 I knew someone would point that out.
My point was... Dec 20 2007, 12:47 AM Spectatrix It is ironic. It also makes me mad. We agreed to... Dec 20 2007, 09:02 AM impala454 The problem is, if the govt doesn't bail them ... Dec 20 2007, 09:59 AM Spectatrix Cool, lower prices for me when I buy a house a yea... Dec 20 2007, 10:54 AM
Hartmann QUOTE (Spectatrix @ Dec 20 2007, 10:54 AM... Dec 20 2007, 10:59 AM
impala454 QUOTE (Spectatrix @ Dec 20 2007, 10:54 AM... Dec 20 2007, 11:02 AM Spectatrix I have good credit and if my boyfriend and I buy a... Dec 20 2007, 11:03 AM Hartmann QUOTE (Spectatrix @ Dec 20 2007, 11:03 AM... Dec 20 2007, 11:04 AM Spectatrix A liability? My boyfriend and I both make good mo... Dec 20 2007, 11:28 AM Hartmann QUOTE (Spectatrix @ Dec 20 2007, 11:28 AM... Dec 20 2007, 11:41 AM Spectatrix Haha, no, we're both full-time engineers. Tho... Dec 20 2007, 11:45 AM Dogmeat I think it ought to be illegal to give people a lo... Dec 20 2007, 11:54 AM Hartmann QUOTE (Dogmeat @ Dec 20 2007, 11:54 AM) I... Dec 20 2007, 12:02 PM |
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