June 13, 2024

Our Cup Bubble Over

Carl R Franklin

New FHA Loan Requirements Repeat Mistakes of 2008 Crisis

Biden directed Fannie May and Freddie Mac to loosen loan requirements (lower interest rates, lower down payments, shift payments to balloon payments) for those with low credit scores and make up the difference by raising rates for those with higher credit scores. Banks are complying. Sounds like Communism to me.

UH OH: Banks Are Going Full "2008" With Frightening New Loans - Survival 101

Posted by: Timothy Birdnow at 08:19 AM | No Comments | Add Comment
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