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U.S. moves to free up funds for mortgages
Los Angeles Times ^
| 3/19/08
| Maura Reynolds
Posted on 03/19/2008 7:35:34 PM PDT by kiriath_jearim
In an effort to make home loans cheaper and easier to get, federal regulators announced today that they were relaxing capital requirements for government-sponsored mortgage giants Fannie Mae and Freddie Mac.
The move could add as much as $200 billion to the pool of money used to make mortgages. It could become available within weeks or months to home buyers and homeowners in the form of new loans.
(Excerpt) Read more at latimes.com ...
TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Government
KEYWORDS: credit; economy; mortgages; recession
To: kiriath_jearim
Has the world gone insane?
2
posted on
03/19/2008 7:45:09 PM PDT
by
Afronaut
(It's 1984)
To: Afronaut
Yes....at least our government and the Fed. This is nuts.
3
posted on
03/19/2008 7:47:18 PM PDT
by
crush-the-left
(Support the entire Constitution, not just the parts you like!)
To: kiriath_jearim
Wow. More easy money is just what the housing market needs.
4
posted on
03/19/2008 7:56:12 PM PDT
by
jrp
To: kiriath_jearim
Reflate the Bubble!!!
5
posted on
03/19/2008 8:00:23 PM PDT
by
Uncle Miltie
(New York Times Endorsed!!!)
To: kiriath_jearim
New loans at still inflated prices?
6
posted on
03/19/2008 8:01:41 PM PDT
by
Brian S. Fitzgerald
("We're going to drag that ship over the mountain.")
Just
WHERE is all this money coming from?
Us, of course.........taxpayers.
7
posted on
03/19/2008 9:18:07 PM PDT
by
Birdlady
To: kiriath_jearim
"In an effort to make home loans cheaper and easier to get, federal regulators announced today that they were relaxing capital requirements for government-sponsored mortgage giants Fannie Mae and Freddie Mac."Let me see if I got this straight. The government passed stupid laws that allowed stupid people to buy insanely inflated homes that they couldn't afford to begin with even without the inflated valuation and now they think that the way out of the mess is to do even more of the same. What's wrong with this picture?
8
posted on
03/19/2008 9:31:14 PM PDT
by
Desron13
(If you constantly vote between the lesser of two evils then evil is your ultimate destination.)
To: kiriath_jearim
I knew something was wrong several years ago when a friend of mine pointed out that there were two bedroom hovels in San Francisco going for over $900,000. I remember thinking to myself that I wouldn't touch that property if the wall paper was solid gold leaf and they promised to fix the crappy foundation for free.
9
posted on
03/19/2008 9:38:31 PM PDT
by
Desron13
(If you constantly vote between the lesser of two evils then evil is your ultimate destination.)
To: Desron13
I knew something was wrong when an acquaintance went bankrupt but kept the house, bought a bigger house, rented the smaller and then bought an even bigger house and sold the rental....the same time she bought a big boat, a big motor home, 4 wheelers for the entire family, took wonderful vacations including flying across the country so she and her hubby could have a weekend in a big city and check out the shows.....did I say she also had hot tub?
the spending goes on and on and there is NO accountability.....
10
posted on
03/19/2008 10:21:52 PM PDT
by
cherry
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