Haven't We Been Here Before?

 

A recent Wall Street Journal Article reports another attempt by the Federal Government to meddle in the mortage markets.

 

"WASHINGTON—Federal regulators are considering giving mortgage lenders protection from certain lawsuits, according to people familiar with the matter, a move designed to encourage lending to well-qualified borrowers."

 

 

 

Home Loans May Get Shield

 

Ironically it is supposed to be because banks are unwilling to lend to "well-qualified borrowers". What well-qualified buyers are not getting mortages?

 

We just posted this: Banks Not Lending? Houses Sell Every Day!

Houses are sellings!

 

So who are these "well-qualified borrowers"? We have not seen one single buyer get refused unless they had bad credit, no down payment, high debt to income ratios or all of the above!

 

 

 

 Keller Williams is #1

 

Let The Ruiz/Miller Team know who you know that is thinking of buying, selling, or investing in real estate that we can contact today.

Signature for The Ruiz/Miller Team   Join Active Rain

ActiveRain Logo

  Follow us on Facebook The Ruiz/Miller Team on HGTV     The Ruiz/Miller Team on You Tube The Ruiz/Miller Team on LinkedIn The Ruiz/Miller Team on Google+

 
Star Posted by Bob Miller - The Ruiz/Miller Team Ocala & Marion County on 10/17/2012 04:35 AM   Comments (27)   Mortgage in the ActiveRain Channel   mortgages, big banks, federal government  
Originally posted at: BobtheRealtor: Haven't We Been Here Before?
Short URL: http://actvra.in/K9g
Post is included in group: Florida Rain Makers
Post is included in group: Keller Williams
Post is included in group: Keller Williams 'Rainers
Post is included in group: Realtors®
Post is included in group: Addicted to Active Rain

27 Comments on Haven't We Been Here Before?

20 Most Recent Comments Displayed Show All

OCT
17
467,812 Points 40 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

I completely agree with Lenn's comment above but just want to add that Wall street in fact gave proven tim and agin that if not regulated...will keep acting like the theives they really are.It amazes me that the mindset is Govt,]. is always bad...really?
5:40am • #8
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thank you everyone.  Yes lobbists, repeating history, more regulation.  In the meantime the media is focused on negative news, the campaign and "banks not lending". lol
5:45am • #9
1,422,166 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

That is not a bad idea if you are lender. .make more money and reduce their risk. . from a business stand point. .hiring lobbyists was a brilliant idea !
5:56am • #10
281,005 Points 10 Featured Posts Called Shot Master

Congratulations on the featured post Bob!  Mortgages are certainly a hot topic.
5:59am • #11
681,585 Points 316 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

What is well qualified? lol~ I feel qualified for many things including some mortgages, I can't seem to find that "prick your finger" loan amymore?
6:20am • #12
620,521 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hmmm, more protection for some lenders so that they have more reason to drop the ball...WTH?  Sigh...
6:21am • #13
280,727 Points 14 Featured Posts Called Shot Master

Maybe the media wants to go back to the "mirror test" for mortgages, so anyone breathing can get one. isn't that how this mess started?
6:34am • #14
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks Sara!  We got Susie in our sights!  lol
6:46am • #15
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks everyone.  Prick your finger, breathe on the mirror - how about stated income?
6:47am • #16

Incredible, things are a little backward right now.
9:12am • #17
226,661 Points 4 Featured Posts Outside Blog Called Shot Master

Why are we giving the banks more protection? Didn't the government already bail them out...I thought they are the ones who broke the law.  What protection has the middle class homeowners who are underwater received from the government?
9:34am • #18
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks everyone.  It is amazing how transperant it is to everyone of us, but not the consuimer.
9:38am • #19
265,357 Points 3 Featured Posts Outside Blog Attended Rain Camp

Quoting President Ronald Reagan: "The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.’"

 

Seems to apply in this instance...
9:40am • #20
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks John.
9:48am • #21
137,165 Points Outside Blog

Not quite so sure lenders deserve more protection...
10:32am • #22
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks Kevin, that's what we are thinking.

 
1:04pm • #23
565,486 Points 2 Featured Posts Outside Blog Called Shot Master

We haven't seen that too badly here in Florida.  If they are qualified, they get mortgages.
6:55pm • #24
548,316 Points 9 Featured Posts Outside Blog Called Shot Master

Bob:

The same is true here in Northern California.  People who are qualified are able to get a loan to purchase a property.  Thank heaven.
7:54pm • #25
1,352,282 Points 42 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Bob - The goverment decided to meddle again?  Who knew they would do something again?
10:54pm • #26
OCT
18
498,580 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks Kevin and Evelyn, our point exactly.  The only people saying banks aren't lending is the media.  And now the governement.

 

You are right Christine
2:18am • #27

20 Most Recent Comments Displayed Show All


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Bob%20n%20steph Rainmaker_large

Bob Miller - The Ruiz/Miller Team Ocala & Marion County

Ocala, FL

More about me…

Keller Williams Cornerstone Realty

Address: Attn:The Ruiz/Miller Team, 1918 SE 17th St., Ocala, Fl, 34471

Office Phone: (352) 547-1074

Cell Phone: (352) 789-9506

Email Me

Author Bio: Let The Ruiz/Miller Team 45+ years of finding solutions; solve YOUR real estate needs. We SELL homes! Find your dream home or a great investment! Can we sell it? Yes we can! Call us today 352-547-1086 Get 2 Realtors for the price of 1!

Locations of visitors to this page


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find FL real estate agents and Ocala real estate on ActiveRain.