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Obama 7 - now what?
- Thread starter joecct
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Billy Blanks
I fix fat people
Re: Obama 7 - now what?
The bank I work for is a top 10 originator of FHA loans in the nation. I've been working with FHA/HUD/VA/USDA loans for 6 years now and the qualifications aren't "much" different than your typical FNMA conventional product.
Perhaps it was an ad for an FHA refinance? If you already have an FHA loan and you don't have more than one 30 day late in the last 12 months it's easy to qualify. A verbal verification of employment is done, no income verification and no asset verfication. It make sense for anyone with over a 6% FHA interest rate to take advantage of this program. A lot of people are making less money than they were when they first got into the loan. It's a great way to lower your payment, without an appraisal or income/asset verification.
The bank I work for is a top 10 originator of FHA loans in the nation. I've been working with FHA/HUD/VA/USDA loans for 6 years now and the qualifications aren't "much" different than your typical FNMA conventional product.
Perhaps it was an ad for an FHA refinance? If you already have an FHA loan and you don't have more than one 30 day late in the last 12 months it's easy to qualify. A verbal verification of employment is done, no income verification and no asset verfication. It make sense for anyone with over a 6% FHA interest rate to take advantage of this program. A lot of people are making less money than they were when they first got into the loan. It's a great way to lower your payment, without an appraisal or income/asset verification.
Re: Obama 7 - now what?
The FHA may be in need of a bailout itself before long:
http://www.nytimes.com/2009/10/09/business/09fha.html?_r=1
The FHA may be in need of a bailout itself before long:
http://www.nytimes.com/2009/10/09/business/09fha.html?_r=1
Re: Obama 7 - now what?
And then we have this... Pinched it from here: http://merecomments.typepad.com/merecomments/2009/10/casus-belli.html
No graduate left behind....
And then we have this... Pinched it from here: http://merecomments.typepad.com/merecomments/2009/10/casus-belli.html
No graduate left behind....
Terrierbyassociation
Fight Cancer, Wherever You Find It
Re: Obama 7 - now what?
Horrifying. This country was built on hard work and pursuit of the American Dream through either education or using your two hands to make something of yourself or both.
Since making your American Dream a reality using your hands went out of fashionability, we still had education for a while. But we have devalued education to make sure everyone gets one...instead of making the people who actually want something out of their educations the priority!
Horrifying. This country was built on hard work and pursuit of the American Dream through either education or using your two hands to make something of yourself or both.
Since making your American Dream a reality using your hands went out of fashionability, we still had education for a while. But we have devalued education to make sure everyone gets one...instead of making the people who actually want something out of their educations the priority!
GreatLakerMohawk
Mushroom Cloud-Laying Mofo
Re: Obama 7 - now what?
All while ensuring that everyone who goes for this "education" ends up in crippling debt if they want to get an education that will actually get them a job worth having.
Hooray!
All while ensuring that everyone who goes for this "education" ends up in crippling debt if they want to get an education that will actually get them a job worth having.
Hooray!
Terrierbyassociation
Fight Cancer, Wherever You Find It
Re: Obama 7 - now what?
That's the second part of my essay of why America has gone downhill.
The price of college and graduate school has radically increased way past the rate of inflation.
It's a paradox, unless you go to college you probably can't get a good job these days. But if you don't go to a good school you usually have trouble getting a good job. And the good schools are usually very expensive and you spend half of your life just trying to pay those student loans off. And unless you go to a good state school, you're not getting that good job AND avoiding paying for the school for life.
You need to go to college to get a good job, but even if you get a good job you spend most of the rest of your life paying for it.
That's the second part of my essay of why America has gone downhill.
The price of college and graduate school has radically increased way past the rate of inflation.
It's a paradox, unless you go to college you probably can't get a good job these days. But if you don't go to a good school you usually have trouble getting a good job. And the good schools are usually very expensive and you spend half of your life just trying to pay those student loans off. And unless you go to a good state school, you're not getting that good job AND avoiding paying for the school for life.
You need to go to college to get a good job, but even if you get a good job you spend most of the rest of your life paying for it.
GreatLakerMohawk
Mushroom Cloud-Laying Mofo
Re: Obama 7 - now what?
I'm not even talking about just getting a Bachelor's Degree either, seeing some of the kids that have gone through and gotten their diplomas like that I could see the value of my degree already falling before I had it, and that's even before the job market started eliminating positions everywhere. Now you have to get a Masters or a doctorate to really achieve a good career because many of the jobs are either occupied or drying up.
The virtual elimination of trade schools hurts also because sometimes just learning an important craft would be more beneficial to the job market than another person floating through college getting a marketing or management degree.
I'm not even talking about just getting a Bachelor's Degree either, seeing some of the kids that have gone through and gotten their diplomas like that I could see the value of my degree already falling before I had it, and that's even before the job market started eliminating positions everywhere. Now you have to get a Masters or a doctorate to really achieve a good career because many of the jobs are either occupied or drying up.
The virtual elimination of trade schools hurts also because sometimes just learning an important craft would be more beneficial to the job market than another person floating through college getting a marketing or management degree.
Terrierbyassociation
Fight Cancer, Wherever You Find It
Re: Obama 7 - now what?
It would be nice if everyone in America could just learn at least one tangible skill that could benefit society on a whole.
It would be nice if everyone in America could just learn at least one tangible skill that could benefit society on a whole.
Kepler
Cornell Big Red
Re: Obama 7 - now what?
At the same time, it's drummed into people's heads that education is "elitist," intellectuals are bad, and knowing the Iliad is snobbery. Democracy, which depends on an educated and intelligent electorate, was replaced by Consumerism, which depends on a docile, discontented population with no innate ability to better themselves and a hunger to buy happiness.
At the same time, it's drummed into people's heads that education is "elitist," intellectuals are bad, and knowing the Iliad is snobbery. Democracy, which depends on an educated and intelligent electorate, was replaced by Consumerism, which depends on a docile, discontented population with no innate ability to better themselves and a hunger to buy happiness.
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Foxton
Banned
Re: Obama 7 - now what?
They appear angry that young people are less religious, or educated, which that other post is crying about. Where does any work by Homer fit in with Christian philosophy? Half of it is how the characters appease the Greek Gods.
http://merecomments.typepad.com/merecomments/2009/10/the-god-gap-and-religious-identification.html
Angry that they can't harass people going to an abortion clinic in Chicago.
http://merecomments.typepad.com/mer...renthood-gets-50-bubble-zones-in-chicago.html
And telling people to shove more god into their lives, because without it nothing gets done apparently.
http://merecomments.typepad.com/merecomments/2009/10/dont-stop-talking-about-god-.html
And bah, the "American Dream" is the kind of quaint greeting card that's rather out of sync with reality. America is what it is today because the people before us were willing to lie, steal, cheat, and swindle whatever they wanted without regards to the consequences.
I'll take anything that site says with a nice spoonful of salt.
They appear angry that young people are less religious, or educated, which that other post is crying about. Where does any work by Homer fit in with Christian philosophy? Half of it is how the characters appease the Greek Gods.
http://merecomments.typepad.com/merecomments/2009/10/the-god-gap-and-religious-identification.html
Angry that they can't harass people going to an abortion clinic in Chicago.
http://merecomments.typepad.com/mer...renthood-gets-50-bubble-zones-in-chicago.html
And telling people to shove more god into their lives, because without it nothing gets done apparently.
http://merecomments.typepad.com/merecomments/2009/10/dont-stop-talking-about-god-.html
And bah, the "American Dream" is the kind of quaint greeting card that's rather out of sync with reality. America is what it is today because the people before us were willing to lie, steal, cheat, and swindle whatever they wanted without regards to the consequences.
Re: Obama 7 - now what?
And gives rise to such horrifying phrases as: free gift, real butter and genuine leather! Literacy tests were given a bad name by southern racists: white guy asked to read comic book--black guy asked to read engineering diagrams for Hoover Dam. But assuming we could norm them, literacy tests for potential voters might not be such a bad idea.
Memo: save yourselves the effort, this is meant to be deliberately provocative.
And gives rise to such horrifying phrases as: free gift, real butter and genuine leather! Literacy tests were given a bad name by southern racists: white guy asked to read comic book--black guy asked to read engineering diagrams for Hoover Dam. But assuming we could norm them, literacy tests for potential voters might not be such a bad idea.
Memo: save yourselves the effort, this is meant to be deliberately provocative.
Foxton
Banned
Re: Obama 7 - now what?
I'd prefer some kind of test for the people running for the offices.
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Kepler
Cornell Big Red
Re: Obama 7 - now what?
Give everybody a choice: you can vote or have a free lottery ticket. Let em self-select.
Give everybody a choice: you can vote or have a free lottery ticket. Let em self-select.
Handyman
Hug someone you care about...
Re: Obama 7 - now what?
So...the woman in the story gets a loan where the mortgage eats up half her monthly salary and that is a good thing? She can barely pay the 3.5% down and the place is a pig sty but she is happy with this? Does anyone not see the problem here?
The article makes it sound like renting is such a friggin tragedy for her...yeah she could live in a place she could actually maybe afford and perhaps better her situation...nah lets let her live on the edge of her means I am sure that will work out well.
Kepler,
At this point I might take the lottery ticket...better odds that it might make a difference. Voting is worthless these days everyone is the same they just change scripts depending on which way the wind blows. With the lottery I might win 5 bucks and that buys me dinner
So...the woman in the story gets a loan where the mortgage eats up half her monthly salary and that is a good thing? She can barely pay the 3.5% down and the place is a pig sty but she is happy with this? Does anyone not see the problem here?
The article makes it sound like renting is such a friggin tragedy for her...yeah she could live in a place she could actually maybe afford and perhaps better her situation...nah lets let her live on the edge of her means I am sure that will work out well.
Kepler,
At this point I might take the lottery ticket...better odds that it might make a difference. Voting is worthless these days everyone is the same they just change scripts depending on which way the wind blows. With the lottery I might win 5 bucks and that buys me dinner
walrus
Wind up workin' in a gas station
Re: Obama 7 - now what?
I've never noticed this unless you are talking about high schoolers
I've never noticed this unless you are talking about high schoolers
Kepler
Cornell Big Red
Re: Obama 7 - now what?
Apparently you missed the last 20 years of Republican campaigning and talk radio. Though it amounts to the same thing.
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