Thursday, January 10, 2013

OMG! THIS IS REVOLUTIONARY!


The Consumer Financial Protection Bureau will be releasing new rules today for home mortgage financing.  Under these new rules, THE BANKS WILL HAVE TO USE THE BORROWER’S FINANCIAL RECORDS TO DETERMINE IF THEY QUALIFY FOR THE LOAN!

*Smacks head*

Now, if you buy a house YOU HAVE TO BE ABLE TO AFFORD IT!  WHAT A CONCEPT!

http://www.newsobserver.com/2013/01/10/2595304/new-federal-rules-aim-to-curb.html#storylink=misearch


4 comments:

  1. how long before the DemocRats start bad mouthing this?

    ReplyDelete
  2. And I am sure Obama is claiming he is the one who came up with this idea!

    ReplyDelete
  3. I'm wondering how long it will take the ACLU and 9th Circus to put a stop to this discriminatory excess.

    ReplyDelete
    Replies
    1. It was stopping this perceived 'limiting of access' that caused the fall of the hosing market to begin with! LOL - but you're right. I'm sure they will begin challenges soon.

      Delete