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The Water Cooler
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New federal rules aim to curb risky mortgages
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<blockquote data-quote="RugersGR8" data-source="post: 2055272" data-attributes="member: 56"><p>Remember when banks had to make home loans(Fannie/Freddie) to ANYBODY<strong>(EVEN IF THEY DID NOT FINANCIALLY QUALIFY)</strong> 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!<img src="/images/smilies/rollinglaugh.gif" class="smilie" loading="lazy" alt=":rollingla" title="Rollinglaugh :rollingla" data-shortname=":rollingla" /><img src="/images/smilies/rotflmao.gif" class="smilie" loading="lazy" alt=":rotflmao:" title="Rotflmao :rotflmao:" data-shortname=":rotflmao:" /><img src="/images/smilies/pissed.gif" class="smilie" loading="lazy" alt=":pissed:" title="Pissed :pissed:" data-shortname=":pissed:" /> </p><p></p><p><a href="http://www.google.com/hostednews/ap/article/ALeqM5gSW9h0Hxr_70aCnE9pMsIMZHmtGA?docId=3a20ecf26aea43699db01216b573dbbe" target="_blank">http://www.google.com/hostednews/ap/article/ALeqM5gSW9h0Hxr_70aCnE9pMsIMZHmtGA?docId=3a20ecf26aea43699db01216b573dbbe</a></p><p><span style="font-size: 18px">New federal rules aim to curb risky mortgages</span></p><p>By By DANIEL WAGNER, AP Business Writer &#8211; 5 hours ago</p></blockquote><p></p>
[QUOTE="RugersGR8, post: 2055272, member: 56"] Remember when banks had to make home loans(Fannie/Freddie) to ANYBODY[B](EVEN IF THEY DID NOT FINANCIALLY QUALIFY)[/B] 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!:rollingla:rotflmao::pissed: [URL="http://www.google.com/hostednews/ap/article/ALeqM5gSW9h0Hxr_70aCnE9pMsIMZHmtGA?docId=3a20ecf26aea43699db01216b573dbbe"]http://www.google.com/hostednews/ap/article/ALeqM5gSW9h0Hxr_70aCnE9pMsIMZHmtGA?docId=3a20ecf26aea43699db01216b573dbbe[/URL] [SIZE=5]New federal rules aim to curb risky mortgages[/SIZE] By By DANIEL WAGNER, AP Business Writer – 5 hours ago [/QUOTE]
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