Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
1 comment

OpEdNews Op Eds

Pandering To The Bankers Obama And The Housing Boondoggle

By (about the author)     Permalink       (Page 3 of 3 pages)
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Well Said 1   Interesting 1  
View Ratings | Rate It

Headlined to H2 5/18/13

opednews.com

"Fannie Mae and Freddie Mac are offering the new Streamlined Modification Program to distressed borrowers before the effective date of July 1. Rather than delay assistance to borrowers, Freddie Mac stated it is making the program immediately available to all eligible borrowers across the country.

"As part of the program, Fannie Mae and Freddie Mac borrowers who are at least 90 days delinquent but no more than 720 days past due may be eligible for a modification that does not require the borrower to submit financial or hardship documentation."  ("GSEs Make New Simplified Mod Program Available Immediately," DS News)

So while Obama is hacking away at Medicare, Head Start, Food Stamps, and other vital social programs, he's given the green light to "no documentation" loans for borrowers who haven't made a payment on their mortgage in two years. Unbelievable.

Like I said, there's nothing our pandering president won't do for the banks.

Next Page  1  |  2  |  3

 

Mike is a freelance writer living in Washington state.
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Newt's Victory: Was it a "Surge" of popularity or faulty voting machines?

Class Warfare Scoreboard -- Guess Who's Winning?

Is Fukushima's Doomsday Machine About to Blow?

Dominique Strauss-Kahn was trying to torpedo the dollar

Troublemaking Washington: Pushing Ukraine to the Brink

Unraveling the Welfare Safety Net - Europe Moves Closer to Banktatorship

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Dec 7 2007, I spent 20 minutes with the title co. ... by James Tennier on Sunday, May 19, 2013 at 6:36:22 PM