Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

Since: May 11

Newville, PA

#895673 Apr 30, 2013
flack wrote:
<quoted text> the biggy was the balloon loans. You know the ones where the payments were low enough to qualify but bumped up after a couple of years. People didn't save money, keep other payments low, and plan for the increase. Throw in no or little down payment and when the balloon hit they just walked away.
That is right, but an important aspect was the guy selling that mortgage did not care if it defaulted because he was going to sell it. Whether it was successful or failed did not matter to him.

The people that bought it from that seller didn't care because they bundled them up into securities. Mortgage based securities were selling like hotcakes & that created the demand for more mortgages. So it goes well beyond banks & well into investment houses. Companies like Standard & Poor then gave them AAA rating for the right price.

The buyers often knew they could not make the balloon payments. Many were hesitant but they were told that when the time came for the balloon payment that they could just remortgage at that time. But home values tumbled & they were all underwater.

So many were duped.

Now these types of mortgages were not CRA loans. So for all those out there screaming "CRA CRA", no. CRA loans were typically standard long term mortgages.

“Often imitated”

Since: Jul 07

never duplicated

#895674 Apr 30, 2013
Realtime wrote:
<quoted text>FOX News whistle blower report__total bullsht.
Read the report dunce.
Where are the survivors? Why aren't they spilling their guts for money__or as a matter of a congressional subpoena?
Two state department personnel perished in the attack Stevens and Smith.
Who was paying the private contractors?
Don't answer if you don't know.
Because you say so? My dog has more crdibility than you. You post sht as fact when in reality 90% of what you post is your opinion. You signature response to information you don't like is that its bullshyt. That line is worn out, boozer.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#895675 Apr 30, 2013
Eman wrote:
<quoted text>
Or one person changing names?
One is her PC. The other is her , phone, Ipad, or laptop. Just my guess.
lily has US IP

Gering, NE

#895676 Apr 30, 2013
OBAMANATION wrote:
<quoted text>There's two different Fenris'
the one that talks with a toilet mouth is the sock puppet, ped-o-phile dem
That is true. My apologies

“Often imitated”

Since: Jul 07

never duplicated

#895677 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Dummy
That's the extent of your intelligence.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#895678 Apr 30, 2013
Eman wrote:
<quoted text>
Don't You love the "don't answer if you don't know" as if he's some kind of expert? He's one arrogant twit.
Expert from a can.

“Often imitated”

Since: Jul 07

never duplicated

#895679 Apr 30, 2013
Realtime wrote:
<quoted text>Freddie and Frannie?
You're a real fkn genius aren't you Flacko?
Forget the typo and answer his question, boozer. You got nothing old man but your coors light.
Jimmy

Newington, CT

#895680 Apr 30, 2013
OBAMANATION wrote:
<quoted text>Ever notice that in the mornings her name is spelled "lily boca raton", but now it's spelled "Lily Boca Raton"??
two different people or two different computers, in any event...SOCKPUPPET
Good catch.

L I L Y

Busted again.

She basically admitted being a sockpuppet a couple of months ago.

It's obvious gutter mouth lily is the nasty ones. A vile beast.

“Often imitated”

Since: Jul 07

never duplicated

#895681 Apr 30, 2013
flack wrote:
<quoted text> One is her PC. The other is her , phone, Ipad, or laptop. Just my guess.
I agree. The mobile device would be the lower case lily. Its easy to tell when someone is on a mobile device. Capital letters, punctuation etc go by the wayside.
Lily Boca Raton Fl

Boca Raton, FL

#895682 Apr 30, 2013
flack wrote:
<quoted text> One is her PC. The other is her , phone, Ipad, or laptop. Just my guess.
Just for the record, I have never posted as anyone but myself. These trolls are insane. I can't be bothered and we should all scorn them
Lily Boca Raton Fl

Boca Raton, FL

#895683 Apr 30, 2013
lily has US IP wrote:
<quoted text>
That is true. My apologies
Whatever, you're still stupid no matter what you call yourself pathetic loser

“fairtax.org”

Since: Dec 08

gauley bridge wv

#895684 Apr 30, 2013
RealDave wrote:
<quoted text>
That is right, but an important aspect was the guy selling that mortgage did not care if it defaulted because he was going to sell it. Whether it was successful or failed did not matter to him.
The people that bought it from that seller didn't care because they bundled them up into securities. Mortgage based securities were selling like hotcakes & that created the demand for more mortgages. So it goes well beyond banks & well into investment houses. Companies like Standard & Poor then gave them AAA rating for the right price.
The buyers often knew they could not make the balloon payments. Many were hesitant but they were told that when the time came for the balloon payment that they could just remortgage at that time. But home values tumbled & they were all underwater.
So many were duped.
Now these types of mortgages were not CRA loans. So for all those out there screaming "CRA CRA", no. CRA loans were typically standard long term mortgages.
For once I agree with you.
WOW

Bronx, NY

#895685 Apr 30, 2013
BLLACK MALE POPULATION IN AMERICA IS 70% GAY who knew so many were on the down low well the vote proved the gay agenda is the BLACK males AGENDA wow o it's a JAILHOUSE THING PANTS SAGGING wow
lily has US IP

Gering, NE

#895686 Apr 30, 2013
RealDave wrote:
<quoted text>
That is right, but an important aspect was the guy selling that mortgage did not care if it defaulted because he was going to sell it. Whether it was successful or failed did not matter to him.
The people that bought it from that seller didn't care because they bundled them up into securities. Mortgage based securities were selling like hotcakes & that created the demand for more mortgages. So it goes well beyond banks & well into investment houses. Companies like Standard & Poor then gave them AAA rating for the right price.
The buyers often knew they could not make the balloon payments. Many were hesitant but they were told that when the time came for the balloon payment that they could just remortgage at that time. But home values tumbled & they were all underwater.
So many were duped.
Now these types of mortgages were not CRA loans. So for all those out there screaming "CRA CRA", no. CRA loans were typically standard long term mortgages.
What about "No Money Down" Mortgages? Were they required by the CRA?

The regulators charged with enforcing the CRA praised the lowering of down payments and even their elimination. They told banks that lending standards that exceeded that of regulators would be considered evidence of unfair lending. This effectively meant that no money down mortgages were required.

http://www.occ.gov/topics/compliance-bsa/cra/...

A Treasury Department study published in 2000 found that the CRA had successfully lowered down payments not just for CRA loans, but for all mortgages.
Explain the shift in loan to value away from the traditional lending requirement of 80%

http://66.102.1.104/scholar?hl =en&lr=&safe=off&c lient=firefox-a&q=cache:pb Dlag9rnykJ:www.ustreas.gov/pre ss/releases/reports/crareport. pdf+securitization+%22communit y+reinvestment+act%22

Again, the regulators told banks that much higher LTVs was an appropriate way to meet the CRA obligations.

http://www.federalreserve.gov/Boarddocs/Speec...


Regulators instructed banks to consider alternatives to traditional credit histories because CRA targeted borrowers often lacked traditional credit histories. The banks were expected to become creative, to consider other indicators of reliability.

http://www.occ.treas.gov/index.html

Banks were expected by regulators to relax income requirements. Day labors and others often lack reportable income. Stated-income was a way of resolving the gap between actual income of borrowers and reported income.

http://www.occ.gov/topics/compliance-bsa/cra/...

“fairtax.org”

Since: Dec 08

gauley bridge wv

#895687 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Just for the record, I have never posted as anyone but myself. These trolls are insane. I can't be bothered and we should all scorn them
I know that. I always knew you posted from two different devices. Matters not to me.
lily has US IP

Gering, NE

#895688 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Whatever, you're still stupid no matter what you call yourself pathetic loser
More of that lily maturity

“It's always darkest 'fore dawn”

Since: Jul 08

When's dawn?

#895689 Apr 30, 2013
Realtime wrote:
<quoted text>Freddie and Frannie?
You're a real fkn genius aren't you Flacko?
Freddie and Frannie and Zooey along with minority congressman, Barney Frank undoubtedly cause the whole damned worse recession since the Great one all be themselves. I wonder if they're all secret Muslim Socialists who studied in Indonesia to destroy the United States of America for Allah?

Since: May 11

Newville, PA

#895690 Apr 30, 2013
Jane Says wrote:
<quoted text>they at least might have held real jobs and been more than community organizers before being elected president.
Real jobs...like a lawyer for instance? A college teacher??? An author? A state Senator?? a US Senator??

These aren't real jobs? Really Jane?
Diane Sawyer

Pompano Beach, FL

#895692 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Dummy
It has been reported to be Lily Boca Raton Fl.
Diane Sawyer

Pompano Beach, FL

#895693 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Just for the record, I have never posted as anyone but myself. These trolls are insane. I can't be bothered and we should all scorn them
It has been reported that you are Not Surprized! ROTFLMAO!

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