Creditworthy Shunned Under Tight New Mortage Rules

get a grip. ugly is in the heart and you are demonstrating it front and center. Reply

First the banks started forcing people out of their homes without even trying to renegotiate lending terms, now they won't give loans to people with good credit unless its one of the previously foreclosed homes, their profiting over and over on the same properties. This isn't a Clinton / Bush / Obama issue. These are the pretty faces and ideals they use to distract from the real issues. Reply

This is a natural reaction to the situation. First many people who were not qualified for mortgages were given them so that brokers could collect fees. Now it will go the other way for a while as lenders protect their assets until a clearer picture of the economy is available. The ten to twelve year comment is a scare tactic to get Congress to loosen up regulations. Reply

It seems that when home ownership was made more accessible, speculators jumped in and ratcheted up the prices of homes, causing an unsustainable bubble. I say again, houses should be constructed for people to live in, not for people to speculate with, to try to make a pile of money. I don't suppose it would be considered practicable to enact a law against speculating with housing prices. Too bad. Reply

Guess what UrUndertaker Bush is gone and you, like the masses, are too stupid to see what Obama is doing. Reply

This has been a problem recognized by FED as early as 2007, but ignored. Banks and Investors tighten credit standard, use the obsolete and biased Credit Scoring algorithms to adjust to market conditions, add in behavioral neural nets to profile customers, and you have all the ingredients for economic profiling and geographic, personal redlining. The entire financial industry is a disgusting garbage pool, and the regulatory bodies have allowed been complicit and complacent. Change we can believe in is necessary to right the injustice that has been going on for 30 years Reply

Undertaker needs econ 101 - he is an ideologue with abosoloutely no knowledge of the economic issues -private Business small & large built our economy - the new guys are starving the private sector of cash on purpose - Obama said just yesterday that the 10% unemployment that has come as a result to his so called stimulus was working just how he planned it - If we are going to become like Europe as he wants we need to be more like 17% unemployed - we are well on our way to those numbers. When we get there he is hoping that more people will buy into his government run society and give in to the Marxism - OR maybe some of the folks will wake up and fight this economic mess he has created - Bush spent waay to much money obviously but at least he had economic policy in place that kept business small and large ticking with cash flowing in the ecomony. Now we have Bush on steroidswhen it comes to spending in office but NO cash flowing or incentive for the ones holding the cash to invest. - the truth is hard to see through those those thick Hope & Change goggles. Why is business an evil word?? Our economy and country was built with hard working small business owners - the ones that succeded became BIGbusiness owners - According to UNdertaker these people have no right to succed?? UrUndertaker - do you think the medical records comanies that stand to make BILLIONS from Obama policy deserve to make any money ?- after all they will be what you call BIG BUSINESS- and they are about the get a huge blessing from your savior- Think about it - according to your ideology these companies have no right to propser. Reply