Tuesday, September 29, 2009

$35B for HFA mortgages

From the Wall Street Journal:




Isn't this how we got in trouble in the first place?


Anonymous said...

Let's put the blame where we should, squrely on the shoulders of the Wall Street thieves. You can't always blame the poor people.

Anonymous said...

You're right, Crapper. Let them default on their loans, increase the homeless rate, lower property values, increase taxes to make up for the decreased revenues, and ruin more neighborhoods. I miss the South Bronx of 1970s. Let's bring it to the rest of country in 2010.

Anonymous said...

Giving mortgages to people who can't pay them is suicide.

Anonymous said...

The state HFAs who are receiving the assistance from the govt never made subprime loans. Their delinquency rates are below national delinquency rates. Although their loans are made to people with lower and moderate incomes, all of the borrowers have to meet debt to income tests and have average fico scores of 700. The govt assistance is meant to help responsible first time borrowers get mortgages.