New federal rules aim to curb risky mortgages

[RugersGR8]

Remember when banks had to make home loans(Fannie/Freddie) to ANYBODY(EVEN IF THEY DID NOT FINANCIALLY QUALIFY) or face DOJ(Janet Reno/Bubba Bill Clinton) lawsuits. Now that Obama and the libs are in power again and the US housing market has gone south(can't blame Republicans), home loan borrowers are actually going to have to be able to REPAY THEIR HOME LOANS!

http://www.google.com/hostednews/ap/article/ALeqM5gSW9h0Hxr_70aCnE9pMsIMZHmtGA?docId=3a20ecf26aea43699db01216b573dbbe
New federal rules aim to curb risky mortgages
By By DANIEL WAGNER, AP Business Writer – 5 hours ago

 

[WTJ]

I wonder what Skummer and Frank (aptly named) had to say about that?

 

[RugersGR8]

http://www.rushlimbaugh.com/daily/2013/01/10/federal_regulators_admit_that_clinton_s_mortgage_scam_caused_the_economic_crisis
Federal Regulators Admit That Clinton's Mortgage Scam Caused the Economic Crisis
January 10, 2013

 

[angsniper]

I don't believe it for a minute.

 

[LightningCrash]

I guess nobody remembers.

 

[RickN]

Now they kind of have to do it, Fannie and Freddie are backing around 90% of all home loans and costing taxpayers billions.

 

[10Seconds]

These regs are not helping banks or borrowers at all, just more government red tape which will actually further slow our economy.

 

[Parks 788]

http://www.rushlimbaugh.com/daily/2013/01/10/federal_regulators_admit_that_clinton_s_mortgage_scam_caused_the_economic_crisis
Federal Regulators Admit That Clinton's Mortgage Scam Caused the Economic Crisis
January 10, 2013

I was listening to this on the radio today. Makes perfect sense to me.

 

[Electrician Mike]

All the new regs are driving me crazy. I have been trying to refinance due to my pending divorce for almost 2 months now. I have good credit, but am self employed. I just keep cutting thru the red tape, one piece at a time.