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Posted by: jordan11 1 year, 2 months ago
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jordan111 year, 2 months ago
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Based on my income, I was given a set amount I could afford for a house.>>>>
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That's right. And it's no more than was asked of fannie and freddie....to make loans available to low income people they could afford. NO ONE told them to offer loans people could not afford. No one told them to make loans with adjustable rate mortgages, that would increase payments beyond the buyers ability to pay. ALL that Obama asked was that the loans were not decided by redlining.
NO ONE said make their lives worse by getting them into financial trouble. You have to make that distinction before you can claim to have any understanding of this.
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