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Obama Slashes Mortgage Insurance Premiums For Subprime Borrowers With Just 10 Days Left In Office

By: capt_nemo in POPE IV | Recommend this post (2)
Wed, 11 Jan 17 10:12 AM | 51 view(s)
Boardmark this board | POPES NEW and Improved Real Board

Msg. 17821 of 47202
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What do you do when a quick rise in mortgage rates suddenly threatens to tame home buying demand from subprime borrowers who, despite the lessons from the past, are still purchasing homes, en masse, with only 3.5% down payments and just enough monthly cash flow to cover mortgage payments? Well, if you're the Obama administration then you simply socialize the problem and force those higher mortgage costs on taxpayers.

http://www.zerohedge.com/news/2017-01-10/obama-slashes-mortgage-insurance-premiums-subprime-borrowers-just-10-days-left-offic

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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