All Posts Tagged With: "minority"
Will Lower FHA Loan Limits Impact You?
So how big a deal are the lower FHA loan limits scheduled for October 1st? According to a new study from George Washington University, not much. A new report by Robert Van Order and Anthony Yezer shows that “the FHA still could serve 95 percent of its historic targeted market even if the maximum FHA [...]
5Jul2011 | Peter G. Miller | 0 comments | Continued
Tea Party Nation Founder: Renters Should Be Banned From Voting
Talk about your strict constructionist, the founder of the Tea Party Nation thinks renters should be denied the right to vote. As Judson Phillips explains, the Founding Fathers “put certain restrictions on who gets the right to vote. It wasn’t you were just a citizen and you got to vote. Some of the restrictions, you [...]
28Apr2011 | Peter G. Miller | 0 comments | Continued
Mortgages: Do Away With Fannie Mae & Freddie Mac?
The news is filled with stories regarding efforts to dump Fannie Mae and Freddie Mac and replace them with, er, well, no one knows what. Good luck, folks. Fannie Mae and Freddie Mac are now being blamed for following the instructions they received from the federal government. For example, in 2000 the minority loan purchase [...]
6Aug2009 | Peter G. Miller | 0 comments | Continued
Minority Mortgage Housing Goals — What’s The Truth?
I was at a dinner event in Washington recently and the speaker told the assembled rich and powerful that President Clinton had weakened the lending system by increasing minority financing goals to more than 50 percent. The implication was that a big part of the current mortgage meltdown is a by-product of federal efforts expand [...]
15Jun2009 | Peter G. Miller | 0 comments | Continued
Should We Have A Foreclosure Moratorium?
With the rapid increase in foreclosures nationwide, it follows that there would be a call for a foreclosure moratorium. Now such a call has come from several of the nation’s leading civil rights organizations, organizations asking for a ban on foreclosures for the next six months. Subprime loans are tailored to meet the needs of [...]
24Sep2008 | Peter G. Miller | 0 comments | Continued
Must Mortgages Be “Suitable” For Borrowers?
How come we have so many toxic loans? “The system is out of balance,” says Sen. Chris Dodd (D-CT), “There is a chain of responsibility that makes these abusive loans possible.” The way Washington works is that you have to read between the lines. Notice that Dodd’s core concern is not “predatory” loans or even [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
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