At the same time they are being investigated for voting fraud. Does one clarify the other? It was ACORN's lawsuit turning Freddie Mac/Fannie Mae into part of the affirmative action program (mortgages for people who can't get one because they can't pay it or even a down payment) that caused this global financial crisis. To give credit where due it was HUD Secretary Andrew Coumo changing the rules so they could re bundle the terrible loans with the excellent, and peddle them on the open global market is what really suckered in the world banks. This was about 12 years ago, Obama was an attorney, Bush was just a governor in Texas, Clinton and many of the "new" faces in Washington, were there then, Barney Frank was sleeping with the Fannie Mae chairperson, and everyone was pleased……………..Nothing could go incorrect, right? So is giving that money to ACORN now legit or just political kickback at the expense of US, our children, grandchildren, etc. who are expected to repay China that money someday?
Tags: acorn, affirmative action program, barney frank, bush, chairperson, china, faces, Fannie Mae, Fannie Mae HUD, fraud, Freddie Mac, global financial crisis, grandchildren, hud secretary, kickback, loans, money, mortgages, open global market, world banksPosts Tagged ‘global financial crisis’
HUD Housing
Friday, April 10th, 2009Stop Foreclosure with HUD (Housing and Urban Development)
In 2009, US government provides loan modifications with HUD housing for home loan borrowers. This policy is taken since there are so many people experience foreclosures. This is the result of the global financial crisis. The US government wants to help the homeowner to avoid foreclosures.
The Obama’s government claimed that the loan modification is practical. The loan modification makes the amount of the home loan monthly payment lesser than 31% of the current yucky monthly income of the borrower. Further, the total of the all mortgage and loan payments is not larger than 55% of the total pre tax income of the borrower. With the help of loan modification from HUD houses, you can normalize your life and save your home from foreclosure. (more…)
Tags: foreclosures, global financial crisis, HUD, HUD Houses, HUD Housing, HUD website, loan modificationsSearch :
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