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Author Topic: OTHER BAILOUT STARTS TODAY!!!  (Read 391 times)

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Offline Heather

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OTHER BAILOUT STARTS TODAY!!!
« on: October 02, 2008, 02:20:33 AM »
The other housing rescue starts today >:(
The FHA's $300 billion Hope for Homeownership program is now open for business. But will banks be willing to sign up?

http://money.cnn.com/2008/10/01/real_estate/hope_for_homeowners/index.htm?cnn=yes

...so now our total debt on this crap is gonna be over $1 TRILLON dollars???????????????
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Offline torpedoman

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Re: OTHER BAILOUT STARTS TODAY!!!
« Reply #1 on: October 02, 2008, 01:17:45 PM »
lots of restrictions and if you debt to earning ratio qualifies you are'nt going to have the 3% down. makes you wonder if the bail out money for the banks is going to have this many strings and hoops and shared profits?
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