Sheriff Joe
DA
What's wrong with that? They are rather filthy.
The Inevitable New The Inevitable Trump Mocking Thread
- Thread starter Nonononono
- Start date
Bruddah IZ
DA
Arenʻt your whiskers a cleanser of sorts?
Sheriff Joe
DA
Where is the resident coward market watcher fries?
4 day rally, you loser.
4 day rally, you loser.
You continue to marginalize yourself...apparently you just can't help yourself.
Bruddah IZ
DA
His uncle is way cool. Shakes his head when neph-fries ask for donations to Fries U.
Bruddah IZ
DA
Your Taxes (Once Again) Are Underwriting Bad Mortgage Loans
The Federal Housing Finance Agency doubled down on failure by ratcheting up federal affordable housing mandates for Fannie and Freddie after the 2008 financial crisis.
Wednesday, January 09, 2019
Bad government policies helped spawn the 2008 financial crisis. Those policies are still in place. One of them is lending money to non-creditworthy people to buy houses. As Bloomberg News reports, government guarantees underpin home loans to people who have already defaulted on their car loans or filed for bankruptcy. When the economy goes south, they will default on their home loans, too (at the taxpayers' expense). Thanks to the federal government’s “most important affordable housing program,” a loan officer gets a “nearly risk-free commission” for making loans that the “government ultimately bears the risk for.” As a result, a lender views a man with bad credit as an enticing prospect even though, as Bloomberg News notes:
His car has been repossessed, something that would likely disqualify him at the Bank of America branch next door.
“Usually a repo that’s like three years old, we’re not really going to sweat that,” he assures the caller. “We’re pretty lenient here.” He steers his prospect to several $400,000 homes with swimming pools. “Have your wife check that out,” he says, referring to a remodeled kitchen with granite countertops. “She’s going to love it.”
Many of Christian’s customers have no savings, poor credit, or low income—sometimes all three. Some are like Joseph Taylor, a corrections officer who saw Christian’s roadside billboard touting zero-down mortgages. Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half his take-home pay. “If he can help me, he can help anyone,” Taylor says. “My credit history was just horrible.”
Christian can do this kind of deal because he is, in effect, making the loan on behalf of the federal government through its most important affordable housing program. It’s a sweet deal: He gets his nearly risk-free commission. Taylor puts no money down. If things go south, the government ultimately bears the risk.
https://fee.org/articles/your-taxes-once-again-are-underwriting-bad-mortgage-loans/
The Federal Housing Finance Agency doubled down on failure by ratcheting up federal affordable housing mandates for Fannie and Freddie after the 2008 financial crisis.
Wednesday, January 09, 2019
Bad government policies helped spawn the 2008 financial crisis. Those policies are still in place. One of them is lending money to non-creditworthy people to buy houses. As Bloomberg News reports, government guarantees underpin home loans to people who have already defaulted on their car loans or filed for bankruptcy. When the economy goes south, they will default on their home loans, too (at the taxpayers' expense). Thanks to the federal government’s “most important affordable housing program,” a loan officer gets a “nearly risk-free commission” for making loans that the “government ultimately bears the risk for.” As a result, a lender views a man with bad credit as an enticing prospect even though, as Bloomberg News notes:
His car has been repossessed, something that would likely disqualify him at the Bank of America branch next door.
“Usually a repo that’s like three years old, we’re not really going to sweat that,” he assures the caller. “We’re pretty lenient here.” He steers his prospect to several $400,000 homes with swimming pools. “Have your wife check that out,” he says, referring to a remodeled kitchen with granite countertops. “She’s going to love it.”
Many of Christian’s customers have no savings, poor credit, or low income—sometimes all three. Some are like Joseph Taylor, a corrections officer who saw Christian’s roadside billboard touting zero-down mortgages. Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half his take-home pay. “If he can help me, he can help anyone,” Taylor says. “My credit history was just horrible.”
Christian can do this kind of deal because he is, in effect, making the loan on behalf of the federal government through its most important affordable housing program. It’s a sweet deal: He gets his nearly risk-free commission. Taylor puts no money down. If things go south, the government ultimately bears the risk.
https://fee.org/articles/your-taxes-once-again-are-underwriting-bad-mortgage-loans/
Why did the White House staff delete this t-weet?
“Billions of dollars are sent to the State of California for Forrest fires that, with proper Forrest Management, would never happen. Unless they get their act together, which is unlikely, I have ordered FEMA to send no more money. It is a disgraceful situation in lives & money!”
“Billions of dollars are sent to the State of California for Forrest fires that, with proper Forrest Management, would never happen. Unless they get their act together, which is unlikely, I have ordered FEMA to send no more money. It is a disgraceful situation in lives & money!”
Bruddah IZ
DA
Because Fries is on furlough and the QE Spigot is unmanned. But mostly because they can.
Sheriff Joe
DA
Hey, let me know if you have heard this one before,
Time to cancel the ‘HOLY S*IT’? NY Times makes MAJOR correction to its reporting on Manafort and Oleg Deripaska
Posted at 2:28 pm on January 09, 2019 by Greg P.
WHOOPS!
The New York Times issued a major correction on its reporting from last night that said Paul Manafort had attempted to pass internal Trump polling data to Russian oligarch Oleg Deripaska, who reportedly has close ties to the Kremlin. The corrected version now says Manafort attempted to pass the data to two Ukrainian oligarchs, Serhiy Lyovochkin and Rinat Akhmetov:
Time to cancel the ‘HOLY S*IT’? NY Times makes MAJOR correction to its reporting on Manafort and Oleg Deripaska
Posted at 2:28 pm on January 09, 2019 by Greg P.
WHOOPS!
The New York Times issued a major correction on its reporting from last night that said Paul Manafort had attempted to pass internal Trump polling data to Russian oligarch Oleg Deripaska, who reportedly has close ties to the Kremlin. The corrected version now says Manafort attempted to pass the data to two Ukrainian oligarchs, Serhiy Lyovochkin and Rinat Akhmetov:
Hey, let me know if you have heard this one before,
Time to cancel the ‘HOLY S*IT’? NY Times makes MAJOR correction to its reporting on Manafort and Oleg Deripaska
Posted at 2:28 pm on January 09, 2019 by Greg P.
WHOOPS!
The New York Times issued a major correction on its reporting from last night that said Paul Manafort had attempted to pass internal Trump polling data to Russian oligarch Oleg Deripaska, who reportedly has close ties to the Kremlin. The corrected version now says Manafort attempted to pass the data to two Ukrainian oligarchs, Serhiy Lyovochkin and Rinat Akhmetov:
So instead of Manafort giving internal t documents to a Russian, he was giving the documents to two pro-Russian Ukranians?
And why the bank didn't list them as assets...
Can't. We shut down, Bru. No ink for Powell's printing press till they turn the taps back on.
But once the bank sells all those houses on it's balance sheet, it'll be flowing again. Cause you know your bizness.
Sheriff Joe
DA
Pompeo, at site of Obama's address to Muslim world, rebukes his legacy: 'Age of self-inflicted American sha...
3 hours ago
https://www.google.com/url?sa=t&sou...QQEA&usg=AOvVaw19hUBEXzxe4p1P6mPUYM2c&cf=1
3 hours ago
https://www.google.com/url?sa=t&sou...QQEA&usg=AOvVaw19hUBEXzxe4p1P6mPUYM2c&cf=1
Sheriff Joe
DA
WHITE HOUSE READIES FOR GINSBURG DEPARTURE...
https://www.politico.com/story/2019...to-prepare-for-possible-rbg-departure-1096102
https://www.politico.com/story/2019...to-prepare-for-possible-rbg-departure-1096102
Yeah, you’re marginalized, says the California right-winger. LOL!
Sheriff Joe
DA
Hopefully one of these illegal murdering rapists will pay her a visit.
CNN Navarro Files Nails on TV as Guest Discusses Murders by Illegals...
https://www.thegatewaypundit.com/20...st-discusses-murders-by-illegal-aliens-video/
CNN Navarro Files Nails on TV as Guest Discusses Murders by Illegals...
https://www.thegatewaypundit.com/20...st-discusses-murders-by-illegal-aliens-video/
“And who’s gonna pay for it?”
The mob of stupid idiots responds “Mexico!”
Who on here was in one of those mobs of stupid idiots?
Hüsker Dü
DA
Fear and loathing . . . why do these murders get more play from you and yours than say Tamir Rice, Trayvon Martin, Heather Heyer or those slaughtered while in prayer at Mother Emanuel church? Do you think immigrants are more blood thirsty than native born individuals?