Archive for March, 2011
American Home Finance
March 30th, 2011
Question: Which has had a greater economic impact tax cuts or home re-financing?
Virtually anyone who is a homeowner gets bombarded every day by junk mail, spam, TV and radio ads associated with mortgage re-financing this has resulted in Americans re-structuring their loans in massive (record) numbers allowing them to use their property like ATM machines.
Because the cash freed up by these actions have generated thousands of dollars more than the income tax cuts, how can Bush supporters claim that the strong economy was the result of Bush's policies?
Answer: Your not a homeowner if you still pay a monthly mortgage! It is unwise to use your unpaid or paid for home as a source of financing loaned money for any reason! In the past 25 years a new vein of corruption has grown where everyone and their cousin is a mortgage broker and/or sells real estate! This has caused home values because of high turnover become out of reach for the average income earner! Once again no benefits to the commoner all victimization! Mortgage lenders,title company's and lawyers are mostly who benefit from this corruption.
Alan Grayson Discusses Fannie Mae's Use of Derivatives with James Lockhart of the FHFA
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