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 ... Read more

“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!
Diane Sawyer

Pompano Beach, FL

#895694 Apr 30, 2013
Lily Boca Raton Fl wrote:
<quoted text>
Whatever, you're still stupid no matter what you call yourself pathetic loser
It has been reported that you are also experiencing a Happy Hour meltdown.

“It's always darkest 'fore dawn”

Since: Jul 08

When's dawn?

#895695 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 am, but I think I may just quit the whole thread...all the ignorant, vulgar sock drawer and even carol and flack have become total GOPs--which ever definition you want to use.
Diane Sawyer

Pompano Beach, FL

#895696 Apr 30, 2013
leosnana wrote:
<quoted text>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?
It has been reported that you made an error using "cause". It has been reported that you failed to use the past tense of the word. Your welfare check is now in jeopardy. Pray to Obama for a new sugar-babydaddy.

“Often imitated”

Since: Jul 07

never duplicated

#895697 Apr 30, 2013
Gunner wrote:
<quoted text>
You and the chimp are quite the inspectors.
I told you dem was around.
Diane Sawyer

Pompano Beach, FL

#895698 Apr 30, 2013
leosnana wrote:
<quoted text>I am, but I think I may just quit the whole thread...all the ignorant, vulgar sock drawer and even carol and flack have become total GOPs--which ever definition you want to use.
It has been reported that there will be no farewell party until after you leave, and then you will only get a wel-fare party. See ya! LOL

“Often imitated”

Since: Jul 07

never duplicated

#895699 Apr 30, 2013
leosnana wrote:
<quoted text>I am, but I think I may just quit the whole thread...all the ignorant, vulgar sock drawer and even carol and flack have become total GOPs--which ever definition you want to use.
Another empty promise.
opo

Independence, MO

#895700 Apr 30, 2013
What happened to that old blowhard grey ghost? Did his ignorance and hate filled life kill him yet?
OBAMANATION

Latrobe, PA

#895701 Apr 30, 2013
leosnana wrote:
<quoted text>I am, but I think I may just quit the whole thread...all the ignorant, vulgar sock drawer and even carol and flack have become total GOPs--which ever definition you want to use.
WINNING!!!!!!!! Hahahah! and it's sock puppet, got that c-unt grammer cop...

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