delzer

That's the good thing about Discover. You don't have to worry about them spying on your info like the far left wing wacko cards. Rush's ears aren't that big. What an insult to Rush.

Just curious who is paying for this? We know his first refinance was a complete failure and cost taxpers 600 billion. So while it sounds nice to you who is paying for this?

Completely agree and that is happening. Many of us will not sale now and I know many who have decided not to sale directly relating to your point.

This is not good news. Fannie and Freddie have already had to be bailed out once and now this? People need to put money down without non-profit help, this is exactly how fannie and freddie bankrupted themselves before.

I say you "go" walmart.

That is absolutely inaccurate information and I suggest you find a new broker. Violently shaking head that it's even possible anyone would agree.

Political comments removed Please refrain from future posts like this -

. It was defeated largely because of the cost of the legislation, which would have added something in the neighborhood of $80 billion to the deficit. The total cost of the bill would have been more than $140 billion dollars. The growing concern over federal deficits and the (nominal) push toward fiscal austerity caused many Senators to vote against the measure. That was 2 days ago and lets hope its defeated.

This is a super funny thread as not one fact is correct. Thanks for the laugh

why? they aren't looking into the borrowers Last I checked signing a loan and getting in over one's head was NOT ILLEGAL, while this practice of getting paid off the books [HUD-1] and hiding funds is VERY ILLEGAL. Pushing this paper around ISNT ILLEGAL, thus they are not looking into the Loan Officers & Underwriters either, as the facilitators of these deals should we open up that can of worms as well? This fingerpointing is getting quite old. *sigh* Actually signing a loan and"getting in over one's head" by falsifying commissions and other income is ILLEGAL and is was one of the big problems . Stated income borrowers(not all) were lying about ones income . So Yes Lets please look into borrowers. Please don't act like all borrowers were on the up and up as I can show you personally records of mortgage fraud (which is illegal) by borrowers. Don't worry the in charge people now will definately not investigate banks,borrowers or anything else.

NO POLITICAL DISCUSSION ALLOWED PLEASE READ THE RULES OF THE BOARD

The main point, he says, is that too often people's emotions get in the way of clear financial thinking about mortgages, turning them into what he calls "woodheads" -- "individuals who choose not to act in their own self-interest." Most owners are too worried about feelings of shame and embarrassment following a foreclosure, and ignore the powerful financial reasons for going through with it, he said. Buttressing these emotions is a system that White labels "the social control of the housing crisis" -- pressures and messages continually sent to consumers by the "social control agents," namely banks, government and the media. The mantra these agents -- all the way up to President Obama -- pound into owners' heads, White says, is that "voluntarily defaulting on a mortgage is immoral." Edited to remove political commentary - POLITICAL DISCUSSIONS are NOT allowed on CreditBoards

8 years are you joking? In 1999 the president at that time signed the community reinvestment act. It required banks to allow minorities and lower income people the right to buy a house. It threatened banks to loan these people money to buy a house are lose your FDIC. The banks knew that there was no way these people could afford these houses but had no choice. This act signed in 1999 by Bill Clinton set the zero down into motion and the housing collaspe . To blame banks is way out of line. They were told by this act(the gov't) to loan to people who could not afford it to help them ge a house . in 2002 and 2004 Both the president and congress warned fannie mae and freddie mac would collaspe if nothing done. Liberals laughed. Well we know what happened.

+1 This is exactly the truth. It has nothing to do with compassion but certain people live in their little bubble and think everyone should have what someone else has even if that other person busted their butt and waited years to buy a house until they had 20% down. No they have to have it now.