It's Official: Obama is Least Effective President Ever

[raleighherdfan]

both homes I have bought in my life I didn't put 10% down. My credit score is very high and am considered a low risk borrower.

Good for you. I never said a loan couldn't be gotten for less than 10% or that you had to be a low risk borrower to get it. May comment was referring to Greeds past comments and opinions of "greedy banks taking advantage of borrowers and creating bubbles through bad mortgages" .

You may indeed now be considered low risk because you have a successful credit history. With that said, Most would still be considered a higher risk when going through traditional means of bank lending and putting less than 10% down. Thus the need for PMI even with a high credit score....

 

[herdfan429]

Good for you. I never said a loan couldn't be gotten for less than 10% or that you had to be a low risk borrower to get it. May comment was referring to Greeds past comments and opinions of "greedy banks taking advantage of borrowers and creating bubbles through bad mortgages" .

You may indeed now be considered low risk because you have a successful credit history. With that said, Most would still be considered a higher risk when going through traditional means of bank lending and putting less than 10% down. Thus the need for PMI even with a high credit score....

Don't get me wrong I'm not arguing. I'm just throwing it out there that not every loan is high risk. I still have to pay pmi because it's the law but this little argument over NOT lowering pmi is just stupid politicians trying to score points with idiots

 

[extragreen]

Don't get me wrong I'm not arguing. I'm just throwing it out there that not every loan is high risk. I still have to pay pmi because it's the law but this little argument over NOT lowering pmi is just stupid politicians trying to score points with idiots

So, next time some conservative complains about how much it costs for food stamps, you can tell them it's just a stupid politician trying to score points with idiots.

 

[herdfan429]

So, next time some conservative complains about how much it costs for food stamps, you can tell them it's just a stupid politician trying to score points with idiots.

Are you really trying to equate snap benefits with pmi?

 

[extragreen]

Are you really trying to equate snap benefits with pmi?

I'm revealing the hypocrisy of stating that $500 per year is just scoring political points, while complaining about paying for people to receive food stamps.

 

[herdfan429]

I'm revealing the hypocrisy of stating that $500 per year is just scoring political points, while complaining about paying for people to receive food stamps.

terrible analogy and there's no hypocrisy there at all.

 

[extragreen]

terrible analogy and there's no hypocrisy there at all.

Always the "terrible analogy" excuse. And oh yes, there is definitely abundant hypocrisy there.

 

[Walden Pond]

Food stamps are an investment. They keep the zoo animals good and fat so we can watch them on TV. Where the hell is Black Lives Matter anyway? They're a lot more entertaining than these ugly skanks with rabbit ears.

 

[raleighherdfan]

I'm revealing the hypocrisy of stating that $500 per year is just scoring political points, while complaining about paying for people to receive food stamps.

Uhhhh, you are really struggling since Trumps win. You always made very little sense but it's gotten worse. You introduce a terrible analogy and then claim the premise of your terrible analogy makes the other person hypocritical??

 

[wisemaniac]

If the press is outraged at the President for keeping the MI at it's current level, I bet they must have really lost their shit at Obama when Biggert-Waters was passed & flood insurance went through the roof. I had one property whose flood insurance went from $90 to over $300 a month. If you think I'm exaggerating the effects, talk to anyone working in the business around the time it passed. Thankfully, we were allowed to seek a market solution while the government figured out just exactly how it could stop brutally punishing people who lived in or near a flood zone.