 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 20 2007, 11:03 AM
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
I have good credit and if my boyfriend and I buy a house together, we'd have an assload to put down on the house. Not too terribly worried about interest rates
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Dec 20 2007, 11:04 AM
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 Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (Spectatrix @ Dec 20 2007, 11:03 AM)  I have good credit and if my boyfriend and I buy a house together, we'd have an assload to put down on the house. Not too terribly worried about interest rates Hmmm. I'd be interested to hear what the bank says in that situation. I would think they would view you somewhat as a liability, especially if on your own, you can't make the monthly payment. If you end up doing this, I'd like to hear what kind of rate you get (if you don't mind sharing). -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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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 And all because they handed out loans to people th... Dec 19 2007, 01:24 PM
GOB QUOTE (impala454 @ Dec 19 2007, 01:24 PM)... Dec 19 2007, 06:39 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 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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