Obama to tout housing initiative

Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages.

[Dances with Wolves]

From the article: "The housing program Obama will discuss Monday will be implemented by the independent Federal Housing Finance Agency. At its core, the initiative will relax eligibility standards for a federal refinancing program, allowing those who owe more on their house than it is worth to take advantage of loans with lower interest rates."

Big Whoop. How much lower Obama? Will these people be aware that they still owe the principal due on their mortgages, even if it more than the value of their home? Or are you gonna hide that fact so that more suckers will believe they are getting off with some "Obama-money"?

And what happens when they still can't pay?

[The laughing liberal]

Obanana continues to try recreating the Bubble.

[inbred Genius]

Oh, this oughta be good...first Barney Frank ruins the housing industry, now ho-bama is gonna fix it.

It is to laugh.

[The laughing liberal]

The market correction must be allowed to run its normal course or else it will just last longer.

[Down the Hill 2008]

Freddie Mac and Fanny Mae again. Refinancing only means more money at lower interest rates for slum lords like Valerie Jarrett to build shoddy housing. Obama is all about his sponsors: Big Corporations who donate to him, private investors who donate to him, unions who donate to him, rich overseas Islamic sponsors who financed his rise in politics, because he certainly didn't do it alone. He's a half wit for hire. EOS.

[Le Jimbo]

inbred Genius wrote:

Oh, this oughta be good...first Barney Frank ruins the housing industry, now ho-bama is gonna fix it.
It is to laugh.

It's not the morgages that are the problem, it't the lack of jobs to pay for the morgage......3 years of promising jobs..........and only one so far is his caddy.

[Le Jimbo]

The laughing liberal wrote:

Obanana continues to try recreating the Bubble.

yep, between his ears.

[The laughing liberal]

Down the Hill 2008 wrote:

Freddie Mac and Fanny Mae again. Refinancing only means more money at lower interest rates for slum lords like Valerie Jarrett to build shoddy housing.

Obama is all about his sponsors: Big Corporations who donate to him, private investors who donate to him, unions who donate to him, rich overseas Islamic sponsors who financed his rise in politics, because he certainly didn't do it alone.

He's a half wit for hire. EOS.

BINGO!


Freddie & Fannie have already cost the Tax payer 100's of BILLIONS so asshat Obama is Now trying to UP that COST by giving away MORE BAD LOANS!


BLO = Bad Loan Obama.

[Telmark]

Obama should work towards teaching these "under water" home "owners" the value of living within your means. Teaching these people the value of reading and understand the loan agreements they sign would also be a big help.

Giving these "homeowners" yet another "CRA" styled loan deal is only going to make things worse for everyone. Rewarding failure only serves to encourage failure.

Meanwhile, the vast majority of these "homeowners" will probably still manage to find a way to increase their debt.

BTW, Obama sure has been "busy" cooking up a bunch of campaign season baloney.

[harvey]

A good start, but I'd also mandate that any housing which remains property of the banks be nationalized and distributed to those who need it. It's time to break the stranglehold on housing by those who caused both boom and bust...

[harvey]

Telmark wrote:

Obama should work towards teaching these "under water" home "owners" the value of living within your means. Teaching these people the value of reading and understand the loan agreements they sign would also be a big help.
Giving these "homeowners" yet another "CRA" styled loan deal is only going to make things worse for everyone. Rewarding failure only serves to encourage failure.
Meanwhile, the vast majority of these "homeowners" will probably still manage to find a way to increase their debt.
BTW, Obama sure has been "busy" cooking up a bunch of campaign season baloney.

Another right-wing idiot who blames homeowners and buyers for the malfeasance, greed, and corruption of the banks and mortgage companies.

[harvey]

The laughing liberal wrote:

<quoted text>
BINGO!
Freddie & Fannie have already cost the Tax payer 100's of BILLIONS so asshat Obama is Now trying to UP that COST by giving away MORE BAD LOANS!
BLO = Bad Loan Obama.

Another ignorant asshat reTHUGlican who wants to blame anyone but the guilty for the Wall St. sponsored meltdown.

In your case "BL" could stand for "big liar."

[harvey]

inbred Genius wrote:

Oh, this oughta be good...first Barney Frank ruins the housing industry, now ho-bama is gonna fix it.
It is to laugh.

Or in your case,'It is too stupid.':)

[Lawrence Wolf]

Telmark wrote:

Obama should work towards teaching these "under water" home "owners" the value of living within your means. Teaching these people the value of reading and understand the loan agreements they sign would also be a big help.
Giving these "homeowners" yet another "CRA" styled loan deal is only going to make things worse for everyone. Rewarding failure only serves to encourage failure.
Meanwhile, the vast majority of these "homeowners" will probably still manage to find a way to increase their debt.
BTW, Obama sure has been "busy" cooking up a bunch of campaign season baloney.

Get your facts straight. This applies only to homeowners who are currently making their mortgage payments.

[TedsLiver]

Telmark wrote:

Obama should work towards teaching these "under water" home "owners" the value of living within your means. Teaching these people the value of reading and understand the loan agreements they sign would also be a big help.
Giving these "homeowners" yet another "CRA" styled loan deal is only going to make things worse for everyone. Rewarding failure only serves to encourage failure.
Meanwhile, the vast majority of these "homeowners" will probably still manage to find a way to increase their debt.
BTW, Obama sure has been "busy" cooking up a bunch of campaign season baloney.

. You are in big trouble for making sense here.

[TedsLiver]

harvey wrote:

<quoted text>
Another right-wing idiot who blames homeowners and buyers for the malfeasance, greed, and corruption of the banks and mortgage companies.

. Another left winger who made poor decisions and feels everybody else owes him.

[Gary]

The question is: Can the congressional Republicans sabotage this attempt by Obama to get the economy moving a little as they have sabotaged all the other things he's tried? So far they've been virtually 100% opposed to job creation. That will no doubt last til the next election. Good luck Obama.

[Paul Revere]

Now Barry wants to circumvent the Constitution, bypassing Congress to impose his new economic plan. He believes that he has the inherent right to this despite the will of the American people. This is absolutely irresponsible an provides further evidence of his inflated ego.

[Gravediggers]

Sending more equipment, arms and taxpayer money for the rebels who the Obama administration KNOW NOTHING ABOUT!

Propping up another violent regime:
http://www.breitbart.tv/gaddafi-sodomized-wit...

[dragoon70056]

inbred Genius wrote:

Oh, this oughta be good...first Barney Frank ruins the housing industry, now ho-bama is gonna fix it.

Just as long as he fixes it as well as he fixed the job situations (sarcasm intended).