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alp227
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Mon May-23-11 09:31 PM Original message |
GOP proposes increase in FHA down payments |
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madrchsod
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Mon May-23-11 09:44 PM Response to Original message |
1. the republicans just can`t help themselves can they.... |
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DJ13
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Mon May-23-11 09:45 PM Response to Original message |
2. At a time of the biggest shadow inventory of foreclosed homes in history? |
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Uncle Joe
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Tue May-24-11 10:52 AM Response to Reply #2 |
23. It's part of their religious belief, worshiping at the altar of money requires human sacrifice. n/t |
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mwooldri
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Mon May-23-11 10:12 PM Response to Original message |
3. Where does that leave future USDA backed mortgages? |
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Luciferous
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Tue May-24-11 07:17 AM Response to Reply #3 |
17. That's also how we got our home. It's a really great program |
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jerseyjack
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Mon May-23-11 10:20 PM Response to Original message |
4. I am not sure this is a bad idea. |
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madville
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Mon May-23-11 10:55 PM Response to Reply #4 |
6. No money down loans helped inflate the bubble |
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Yo_Mama
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Tue May-24-11 05:55 AM Response to Reply #6 |
15. Given upfront charges, 3.5% is pretty much no-money down |
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Tunkamerica
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Tue May-24-11 04:43 AM Response to Reply #4 |
10. I took an FHA loan. I could not have bought without it and have not made a late payment in 2 years |
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Yo_Mama
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Tue May-24-11 05:25 AM Response to Reply #10 |
14. You weren't |
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mopinko
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Tue May-24-11 07:46 AM Response to Reply #14 |
19. you only have to pay the insurance until you have |
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Yo_Mama
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Tue May-24-11 09:22 AM Response to Reply #19 |
21. That's correct, but that can be a very long time if your house is losing value |
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mopinko
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Tue May-24-11 09:27 AM Response to Reply #21 |
22. insurance premiums are part of the loan unless paid |
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mopinko
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Tue May-24-11 07:42 AM Response to Reply #4 |
18. you are not correct. fha has been 3.5% forever. |
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customerserviceguy
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Tue May-24-11 05:26 PM Response to Reply #4 |
25. Given that housing prices are still spiraling downwards |
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madville
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Mon May-23-11 10:45 PM Response to Original message |
5. I had to put 10% down for my FHA loan in 1997 |
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Tunkamerica
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Tue May-24-11 04:45 AM Response to Reply #5 |
11. see my reply above. I didn't have th downpayment when it counted and |
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Yo_Mama
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Tue May-24-11 04:59 AM Response to Reply #5 |
13. Yes, you're right |
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LastLiberal in PalmSprings
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Mon May-23-11 11:51 PM Response to Original message |
7. Let's do the same thing with stock traders |
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PSPS
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Tue May-24-11 12:24 AM Response to Original message |
8. This is actually a good idea. The "(almost) no down" gimmick is a disaster. |
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Mopar151
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Tue May-24-11 04:22 AM Response to Original message |
9. I would beg to disagree. |
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Tunkamerica
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Tue May-24-11 04:46 AM Response to Reply #9 |
12. yes +1 |
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izquierdista
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Tue May-24-11 07:59 AM Response to Reply #9 |
20. At its core, the idea is sound. |
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Hubert Flottz
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Tue May-24-11 06:20 AM Response to Original message |
16. Is there anything these assholes don't want to ruin? |
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Mr. Jefferson
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Tue May-24-11 05:02 PM Response to Original message |
24. Will they ever learn that making mortgages available to people who |
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