To Dallas, Texas for a week of captive higher education (no, I will not be released from the compund, so unfortunately, I don't believe any meet and greet for you folks down there would be possible).
Anyone know the Cooper Clinic? That's where I'll be.
Anyway, I reckon I won't be posting here much (if at all) until the first monday of february. All the best. Keep it smart and intelligent around here, and don't forget how stupid the liberals looked 4 and 8 years ago when they started in on Bush Derangment Syndrome. Don't fall to that level. Lets nail them on issues, as opposed to falling into outright hatred and rancor, like they did.
16 comments:
see ya later, bye
The Cooper Clinic was founded by Dr. Kenneth Cooper, who coined the word "aerobics," as a method of exercise. It, along with The Renewal Center at the Hazelden Institute in Center City, Minnesota is one of the foremost health and wellness programs in the country. I'm officially jealous.
just trying out my new photo
Ah Goob, we hardly knew ye.
Have a good week.
I thought maybe his little car broke down and that was, like, THE place to take it.
Here's a picture of his little car....
LOL!!
Fun and games. Feb 10th I go get C5, 6 & 7 fused.
Doctor tried to tell me I could be off for up to 6 weeks. I laughed in his face and told him there was no chance in Hell of being gone 6 weeks. I'd take me 2 years to catch up.
Are we having a competition? On Jan. 30, one week from today, we get to go to Honolulu to see Jimbo!
Nail liberals on the issues? Conservartives have no standing since their ideological rigidity destroyed the country.
"Since I'm likely to be in charge four years from now, we're gonna make sure they correct it," said Schumer, who has taken command of the Senate panel that will organize the 2012 inauguration.
In case any of you were wondering who the next president will be in 2012, apparently, that has already been decided, at least by some of our elected socialists. The above is a quote from Chuckie (lens lice) Schumer, the US senator from NY. It seems Chuckie scamed thousands of NY'ers by having a lottery for tickets to Yomama's big party last Tues. Oh, lots of folks won and got tickets, but none got in!
He's called lens lice because it's common knowledge that "the most" dangerous place to be standing in DC, is between Chuckie and a TV camera, as you will be run over! Apparently, this useless, leftist nitwit thinks a whole lot of himself.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
New York Times
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.
Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.
RIGHT AGAIN HLF.
(you sack of used douche bilge)
When asked about his legacy (aside from the obvious)Bill Clinton said 'I believe my legecy is that I made home ownership available to everybody' (including a whole bunch of people that couldn't afford it.
SO HLF. (alias 'FDS') you mean you don't remember these people that were getting these houses with 0 down and selling everything in it and den scooting out wit de munny an buyun demseff a bottle ob MadDog TwennyTwenny an a dime bagger of junk?
we'all used da welfare to gets our home loan, dey didnts lets us use da free cheese .....
MMMMMMMMMM!
Mad Dog 20/20
...there's that annoying noise, AGAIN!!!
Mad Dog + Everclear = Congo Velvet
What's the word? Thunderbird!
What's the price? $.35 twice!
How's it sold? Good and cold!
What's the jive? Bird's alive!
Bum Wine
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