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Thursday, March 08, 2012

Obama Will Make Taxpayers Guarantee Mortgages for 2 to 3 Million Borrowers Without Checking Their Incomes or If They Have Jobs

( – Wth no authorization from Congress, President Barack Obama has announced his administration--through the Federal Housing Administration--will insure refinanced mortgages for 2 to 3 million borrowers without verifying their income or even if they hold a job, according to the Department of Housing and Urban Development (HUD).

Obama announced his latest mortgage program at a White House news conference on Tuesday. Any American with a mortgage insured by the Federal Housing Administration (FHA) endorsed on or before May 31, 2009 and who is current on their mortgage payments would qualify, according to HUD.

No additional underwriting, or examining the verification of income, employment status or creditworthiness, will be done.



Anonymous said...

he's an absolute idiot. this is what the takers do. they don't understand anything regarding business. they don't understand profit, supply and demand, credit worthiness, equity and on and on and on. vote republican in november as if your life depends on it, because IT DOES.

Anonymous said...

The same exact crap that got us in this mess.

Unfortunately Im still going to vote for him, because the GOP is full of religious nut jobs that cant grasp the meaning of the constitution.

This is assuming that Ron Paul doesnt get the spot. In which case I will vote ron paul

Anonymous said...

Hate to say it must be one of the kool aid drinkers. ANYONE, is better than NOBAMA to vote for in November and it's people like you that are helping run our great country in the toilet by supporting this empty suiter (Obama)

Anonymous said...

3:42, where have you been the past 3 years? are you saying you would choose a muslim, illegitimate president who has trashed our constitution and run our country into the ground over someone who happens to be a christian and honors and believes in our constitution, understands economics and the free market and served on the intelligence committe? where is your common sense? your toothpick just doesn't come out clean. WOW...

Anonymous said...

Unfortunately, 3:42 is just saying what I'm sure many are thinking.

We know what we have now. The candidates coming up don't seem any better, except maybe Paul, and there is no guarantee that ANYBODY is better.

And it isn't even like we actually have a say in who gets 'selected' anyway.

Anonymous said...

anybody but obama. that includes my dog catcher if he is a patriot.