Fxcktards On Parade: Fannie & Freddie Announce Mortgage Debt forgiveness for ‘certain’ borrowers 8 years after it would have helped the economy…

housinginyourhands

8 years late and an entire fxckin’ TARP trillion short boys. This will just pxss people off.

FHFA announces Principal Reduction Modification program. Details:

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers who are still struggling in the aftermath of the financial crisis to help them avoid foreclosure and stay in their homes.  The new Principal Reduction Modification program is a one-time offering for borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and who meet specific eligibility criteria…

FHFA.gov Fact Sheet

• Are owner-occupants.

• Are at least 90 days delinquent as of March 1, 2016.

• Have an unpaid principal balance of $250,000 or less.

• Have a mark-to-market loan-to-value ratio of more than 115% after capitalization.

(more…)

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April 14, 2016. Tags: , , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Finance, Foreclosures, GOP, Housing, Immigration, Labor Department, migrant crisis, Obama Administration, Politics, Popular Culture, TARP, Taxes, Trump, Uncategorized, Unemployment Statistics, Wall St. 1 comment.

Update: CA Foreclosures up 80% in 1Q y/y…Las Vegas Leads Foreclosure Rates, CA, FL, NV highest – Bloomberg

Update: Diana Olick CNBC reports:

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April 22, 2009. Tags: , , , , , , , . Economy, Housing, Obama Administration, TARP, Uncategorized. Comments off.

Update: Alan Greenspan is still making messes…Thomas Friedman is an Idiot…

www.Americanworker.org

Greenspan who made this bubble is onto the same solution, just give AZ housing to immigrants, what a maroon:

There also are more unconventional approaches such as mortgage holidays, easing immigration rules to allow into the U.S. more skilled legal foreign workers who could up distressed and foreclosed homes in markets such as Phoenix and Las Vegas…..

Former Federal Reserve Bank Chairman Alan Greenspan floated the idea last year of easing U.S. immigration laws to allow more skilled foreign workers to enter the country. He contends those workers would buy up vacant, distressed and foreclosed homes in markets such as Phoenix while also taking hard-to-fill jobs.

Gareshe said such a plan could help increase housing demand, but she notes the political unlikelihood of the approach and wonders how much legal immigration would be needed to actually achieve those goals. There also is the question of whether U.S. companies, that long have lobbied for more skilled foreign workers, are in a position to hire them now.

Yes, an idiot. His proposal in the NYT is to OUTSOURCE THE FORECLOSURE CRISIS.  By bringing in tens of thousands more H1B visa workers to buy up the houses Americans have lost to foreclosure.

Way to spark  protectionism there Tommy Boy!!  The NYT hates Americans betcha they think more H1B visa holders would buy more of their rag newspaper so MoDo can keep feeling important…

Cause American workers aren’t pissed enough that Wall St and self proclaimed GENIUSES like Friedman tanked the markets and caused our equity to vanish along with our jobs

Let’s totally replace Americans in EVERY ASPECT of American life and move them right into our houses!!!

THOMAS FRIEDMAN YOU ARE A MORON, I CAN’T THINK OF ANYTHING THAT WOULD SPARK MORE OF A PROTECTIONIST BACKLASH THAN SUGGESTING WE MOVE FOREIGN WORKERS RIGHT INTO OUR JOBS AND OUR HOUSES, OUR AMERICAN DREAM OUTSOURCED ALL IN ONE SHOT

WAY TO SPARK PROTECTIONISM AND A TRADE WAR TOM!

HEY HERE’S AN IDEA HOW ABOUT WE OUTSOURCE MORONIC COLUMNISTS AND PUNDITS WHO ALSO ONCE THOUGHT THE IRAQ WAR WAS GREAT! YOU FRAKKIN IDIOT?!

Tom quotes INFOSYS an Indian company that replaces American workers here in the US with H1B visa holders who work for half as much…..way to inspire Americans to get an engineering degree Tom..but hey India sends their citizens here for their advanced degrees so I guess it is convenient huh?!

I  have suggested we give our VETERANS low rate loans for these houses, guess we can’t have Americans who sacrificed so much for all of us getting a home;

Cause after all, this comes from the popular punditry view of Americans as spoiled and lazy right Tom? We need H1 B visa workers to show us how to work hard and live the American dream, not Americans right? Not we schmucks whose immigrant grandparents worked their axxes off so we would be born here and live that dream right?…FRAK YOU FRIEDMAN

Here’s a frakkin idea, why not have our government work for US and have India’s government build good jobs and houses for the Indian people…..

I won’t link to it. On CNBC Lefrak says he and others have a similar plan to propose to Obama in a few weeks.Don’t do it Team Obama..the backlash will be incredible..

Yeah we are built by immigrants and dreams, the American dream, and H1B visa workers still come here every day, but we should not actively seek to replace American homeowners and workers with blanket policies that do not help Americans. India has their very own government to help them, how about ours helps us? Or do need to ask in French for Team Obama to find us couth enough to get attention?? Aidez-moi Obama!

These very same morons suggest we have less children too…they want us to go extinct I take it..frakkin idiots…Friedman and his ilk like to think their ideas are good for the world too, will the brain drain Friedman proposes be good for India, I think not. …

February 12, 2009. Tags: , , , , , , , , , , , , , , , , , , , , . Economy, Finance, Housing, Music, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. 1 comment.

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