l****z
发帖数: 29846 | 1 【 以下文字转载自 USANews 讨论区 】
发信人: lczlcz (lcz), 信区: USANews
标 题: Fannie, Freddie又要开始制造房产泡沫了
发信站: BBS 未名空间站 (Mon Dec 8 17:15:20 2014, 美东)
Helping "Qualified" Buyers: Fannie, Freddie Detail 3%-Down Payment Mortgage
Program
Now that home prices have recovered and homes are not the bargain they were
four years ago, it is fitting the parasites once again want to make homes "
affordable" to the masses with low-down payment options.
Please consider Fannie Mae, Freddie Mac detail plans for 3% down-payment
mortgages.
Housing finance giants Fannie Mae and Freddie Mac on Monday detailed
plans to once again back mortgages with down payments as low as 3%, saying
the move to make home ownership more accessible contains safeguards to
protect against abuses that led to the subprime housing market crash.
“Our goal is to help additional qualified borrowers gain access to
mortgages,” said Andrew Bon Salle, executive vice president for single
family underwriting, pricing and capital markets at Fannie Mae.
Officials said the program was designed to help credit-worthy borrowers,
particularly those with low or moderate incomes, who can demonstrate the
ability to repay a mortgage but lack the money needed for at least a 5% down
payment.
Freddie Mac will limit its program, called Home Possible Advantage, to
mortgages for first-time homebuyers. Borrowers must participate in a
homebuyer education and counseling program before receiving the loan and
will have to pay for private mortgage insurance.
Fannie Mae's program will be available to anyone who has not owned a
primary residence for three years. Private mortgage insurance will be
required but counseling and education will not.
Helping "Qualified" Buyers
Notice the statements about helping "qualified borrowers".
If you lower the qualifications to zero, everyone qualifies by definition.
But is that a "help" or a debt-trap in waiting?
My Take
If you cannot afford to put 10% down on a home, then you can't afford the
home.
I side with House Financial Services Committee Chairman Jeb Hensarling (R-
Texas) who stated: "Such loans are inherently risky because the borrower has
almost no financial cushion against a personal or economic downturn, vastly
increasing the likelihood they will walk away from the loan once it gets
significantly underwater."
Low down payment loans are "an invitation by government for industry to
return to slipshod and dangerous practices that caused the mortgage meltdown
in the first place and wrecked our economy." | o******s
发帖数: 1364 | 2 Time to sell properties soon. | k****a
发帖数: 22 | 3 Housing market havent hit top yet
Mortgage
were
【在 l****z 的大作中提到】
: 【 以下文字转载自 USANews 讨论区 】
: 发信人: lczlcz (lcz), 信区: USANews
: 标 题: Fannie, Freddie又要开始制造房产泡沫了
: 发信站: BBS 未名空间站 (Mon Dec 8 17:15:20 2014, 美东)
: Helping "Qualified" Buyers: Fannie, Freddie Detail 3%-Down Payment Mortgage
: Program
: Now that home prices have recovered and homes are not the bargain they were
: four years ago, it is fitting the parasites once again want to make homes "
: affordable" to the masses with low-down payment options.
: Please consider Fannie Mae, Freddie Mac detail plans for 3% down-payment
|
|
