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Subprime Mortgage 2.0

Chalanachithram.com DB » New TF Industry Related » Archive through January 13, 2016 » Subprime Mortgage 2.0 « Previous Next »
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Emc2
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Username: Emc2

Post Number: 46552
Registered: 03-2008
Posted From: 108.48.4.24

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Posted on Tuesday, January 12, 2016 - 09:56 am:       

malli market boom and crash ki chances chala unnayi

best thing is buy now and when it is booming sell it, it will crash with those rules for sure
 

Bharat
Comedian
Username: Bharat

Post Number: 1046
Registered: 06-2015
Posted From: 199.90.60.4

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Posted on Tuesday, January 12, 2016 - 09:50 am:       

3) Earlier subprime govt loans were only for first time home buyers. Now that restriction is removed.
4) You can also count income of your parents and other relatives who don't live with you.
 

Bharat
Comedian
Username: Bharat

Post Number: 1045
Registered: 06-2015
Posted From: 199.90.60.4

Rating: N/A
Votes: 0 (Vote!)

Posted on Tuesday, January 12, 2016 - 09:49 am:       

Governments never learn from mistakes.

http://www.nytimes.com/2015/09/06/realestate/fannie-mae-reva mps-mortgage-program.htmlhttp://www.nationalreview.com/article/429588/mortgage-defaul t-and-fannie-mae

1) Now low income households can pay 3% down payment. That 3% also does not have to be their own savings.
2) In loan application, annual income of everyone who lives with them can be used, even if they are not relatives. Only the borrowers name is on the loan. This will be grossly abused.

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