Reverse Mortgage

Conservative in Exile asked: And they got a slap on the wrist? What more proof do you need Obama and the Dems are nothing buy crooks?

Ophelia asked: We suffered through a major financial collapse due to congressional failure to oversight the mortgage market which polluted all sorts of investment assets and triggered a selling rush that left our GDP in a multi-trillion dollar hole. Should he be impeached by the citizens of the United States right away? Is there a [...]

Hypocrite Smoker asked: I know Yahoo Answers liberals only get upset when Republicans do wrong. So I don’t expect any condemnation form the liberals out here. As a Republican I get more upset when Republicans break the law, or have ethics violations. Read the article: http://www.breitbart.com/article.php?id=D99N143G3&show_article=1

Neither Republican nor Democrat asked: Here’s a fascinating story from The Wall Street Journal: “Despite the downturn of the mortgage market, a type of home loan has remained surprisingly sturdy: one extended to illegal immigrants….For loans more than 90 days in arrears, ITIN mortgages have a delinquency rate of about 0.5%, according to independent estimates. [...]

Chi Guy asked: FDIC: summary at bottom of link “The savings and loan crisis of the 1980s and early 1990s produced the greatest collapse of U.S. financial institutions since the Great Depression. Over the 1986–1995 period, 1,043 thrifts with total assets of over $500 billion failed.” http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf (PDF) CONSERVA (below) Try these links – http://www.rationalrevolution.net/war/bush_family_and_the_s.htm [...]

How Big is Your Govt Check asked: Democrat Senator Dodd is Chair of the Senate Banking Committee. He got a cheap mortgage from Countrywide Credit and is likely no longer on Obama’s list of possible VPs. But, get this … Another Dem on the Senate Banking Committee wanted a mortgage. So he called the CEO [...]

Naturescent asked: Office of the Comptroller of the Currency September 12, 2008 The OCC and OTS Mortgage Metrics Report found that actions by national banks and thrifts to prevent home mortgage foreclosures increased faster than their new foreclosures during the second quarter of 2008, despite an overall decline in mortgage credit quality and an increase [...]

Sean asked: Granted you’re supposed to do your own research but what happens when a mortgage company convinces you that your fears and your worries are unfounded. Many people did have reservations about refinancing and purchasing homes with these sub prime mortgages, however these lenders really made it their business to prove it was a [...]

Sully asked: Their attempts to guarantee that every American could get a mortgage, whether they could afford them or not, for a home is the primary catalyst of our current problems. Do you think the Democrats now know the difference between guaranteeing equal opportunity and guaranteeing equal outcome? We need to guarantee that everyone has [...]

GREAT_AMERICAN asked: How Big Is the Sub-Prime Mortgage Market?. Ben Stein said it well this past Saturday on Fox’s Cavuto on Business: The sub-prime mortgage problem is grossly overstated; the sector is just too small. Smart guy, Ben. Ferris Bueller never should have skipped school that day — he would have learned economics from a [...]