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[-] 3% down - blessing or curse?? - Leigh Attridge/MA (11 replies)
12/17/2014 7:02:23 PM (2008 views)
Re: 3% down - blessing or curse?? - JOE Alvey/KY
12/17/2014 7:58:55 PM (1322 views)
Re: 3% down - blessing or curse?? - Nils Nelson/ME
12/17/2014 9:07:58 PM (1313 views)
Re: 3% down - blessing or curse?? - Kurt deVries/FL
12/18/2014 9:25:05 AM (1230 views)
Re: 3% down - blessing or curse?? - Michael Madden/RI
12/18/2014 11:01:36 AM (1174 views)

I think that's a drastic misinterpretation of federal lending guidelines that require lenders to make good faith efforts to lend to and establish locations in under-served, economically depressed neighborhoods.

 And what the banks did went beyond simply lending on the FHA-insured programs--they went nuts with it, and in bad faith misrepresented the loans they were issuing so they could pile more and more volume... Basically took advantage of the insurance and fraudulently altered their numbers so they could do so.  

 Whatever you think of the FHA lending programs, to say "who wouldn't take that deal?"  like it's not a thing is insane.  Who wouldn't take that deal?  An organization interested in ethics on any level, or one that wants to operate in a healthy economy, or one that doesn't want to defraud its government or lie on behalf of poor people who want bigger houses than they can afford.  One that would rather rely on profitability than insurance.  One that takes rational and calculated risks and not stupid risks fueled by its lowest level employees' incentives.


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Re: 3% down - blessing or curse?? - Kurt deVries/FL
12/18/2014 11:13:06 AM (1154 views)
Re: 3% down - blessing or curse?? - Michael Madden/RI
12/18/2014 11:30:17 AM (1195 views)
Re: 3% down - blessing or curse?? - Kurt deVries/FL
12/18/2014 11:43:22 AM (1150 views)
Re: 3% down - blessing or curse?? - Scott Perry/PA
12/18/2014 11:30:51 PM (4097 views)
Re: 3% down - blessing or curse?? - george Hubka/MI
12/29/2014 6:55:37 PM (1131 views)
Re: 3% down - blessing or curse?? - Leigh Attridge/MA
12/18/2014 1:46:40 PM (1221 views)
Re: 3% down - blessing or curse?? - Patrick Scott/IL
12/19/2014 6:45:32 PM (1394 views)

[+] United Lender Services (ULS) No Payers - Mike McKeon/KS (1 reply)
12/16/2014 10:29:04 AM (2325 views)

[+] non payment - SHELIA DENMARK/GA (8 replies)
12/15/2014 3:55:25 PM (3286 views)

[+] What I don't understand.... - Nils Nelson/ME (30 replies)
12/15/2014 12:04:23 PM (2649 views)

[+] E&O Providers - Kevin McCarthy/TX (4 replies)
12/13/2014 11:41:29 AM (2683 views)


Real Title Services


[+] A Come on man moment. - JOE Alvey/KY (17 replies)
12/11/2014 8:24:01 PM (2564 views)

[+] How to handle references - Heidi Gemeling/FL (2 replies)
12/11/2014 4:11:51 AM (2100 views)

[+] Beware of CLS Direct NY - Priscilla Galbreath/VA (4 replies)
12/10/2014 11:33:47 AM (2151 views)

[+] Titleology? - K C/NJ (8 replies)
12/9/2014 4:44:10 PM (8110 views)

[+] E &O Certificate Holder - Laurie Puckett/TN (2 replies)
12/8/2014 11:33:49 AM (1903 views)

[+] Looking for an Inexpensive DIY Website - Heidi Gemeling/FL (3 replies)
12/6/2014 10:10:32 AM (1874 views)

[+] Any new laws in 2015? - William Pattison /CA (2 replies)
12/2/2014 6:40:24 PM (1981 views)

Need Help - JOE Alvey/KY
12/1/2014 8:53:55 PM (1909 views)

[+] American Freedom Assurance - AFA Is a No Pay - Laurie Puckett/TN (4 replies)
12/1/2014 5:53:47 PM (2223 views)

[+] Client inquiry - Alan Martin/AL (3 replies)
12/1/2014 2:51:08 PM (2163 views)


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