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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="Bill V" data-source="post: 963075" data-attributes="member: 54538"><p>Hugh--</p><p></p><p></p><p></p><p>1. Yes</p><p></p><p>2. Yes</p><p></p><p>3. Most likely yes</p><p></p><p>4. Yes, but that's the case for all loans. </p><p></p><p>5. Depends on what you mean by "these people". But most likely, the answer to 5 is "perhaps partially, but not wholly"</p><p></p><p>6. Yes--but not the way you're thinking.</p><p></p><p></p><p></p><p>But even if I were, for the sake of furthering the discussion, to say that the answer is "Yes" to all six--that doesn't make your subject line true, as contrary to your assertion, #3 and #4 do not equate to sub-prime mortgages. There is still nothing in the article that says that the Obama administration is pushing banks to offer them. It says that the Obama administration is pushing banks to not block mortgages based solely on the geographical residence of the person seeking it. It says nothing about not offering mortgages to people who aren't financially able to hold up their end of the deal--i.e. sub-prime.</p></blockquote><p></p>
[QUOTE="Bill V, post: 963075, member: 54538"] Hugh-- 1. Yes 2. Yes 3. Most likely yes 4. Yes, but that's the case for all loans. 5. Depends on what you mean by "these people". But most likely, the answer to 5 is "perhaps partially, but not wholly" 6. Yes--but not the way you're thinking. But even if I were, for the sake of furthering the discussion, to say that the answer is "Yes" to all six--that doesn't make your subject line true, as contrary to your assertion, #3 and #4 do not equate to sub-prime mortgages. There is still nothing in the article that says that the Obama administration is pushing banks to offer them. It says that the Obama administration is pushing banks to not block mortgages based solely on the geographical residence of the person seeking it. It says nothing about not offering mortgages to people who aren't financially able to hold up their end of the deal--i.e. sub-prime. [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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