Ya know what, how about some intellectual honesty?
Of everything this dolt has said or done, this might make sense.
From my understanding it will lower rates significantly, you must be currently paying, meaning you can not have skipped out. You must be viable, meaning none of the slackers qualify.
This plan is imply making fed backed mortgages at lower rates. From everything I have seen about this it all makes sense to me.
Again, I have not looked yet myself as I work for a living, but this makes sense...no handouts, not a bailout, just a helping hand.
If done right it should be more safe than not for the investment, and will help limit foreclosures which will help limit falling real estate prices etc.
How about stop the BS cap you don't even know the details about this deal.
I am no way an Obama supporter, but based on this info it is not a bailout or a handout, and irresponsible people or lenders will not qualify.
In the now famous words of Rodney King, won't all you stupid ppl just stfu. Oh, that's not what he said?
· 1 decade ago