• Archives

  • Blog Stats

    • 666,286 hits
  • Categories

2008 Part II-The Sequel: WELLS FARGO LAUNCHES 3% DOWN PAYMENT MORTGAGE

Livinglies's Weblog

Underwater home mortgage. by William Hudson

When borrower credit requirements are lowered, housing prices rise in response.  Flat wages and an employment market composed of part-time jobs paying minimum wage should inhibit home ownership- but, alas, Wells Fargo has a solution!  In fact- it’s the same solution they had back in the early 200s when they gave out loans to unqualified buyers, knowing the loans would fail, and then bet against their own investments- while knowing future government (tax payer) subsidies would fund any claims of “loss”.  It was one of the most perfectly orchestrated criminal schemes ever perpetuated on the American public- that continues to this day.

The second wave of the market crash has now appeared on the horizon and with a slow down in the real estate market- the Fed and the Banks must again resort to drastic measures to incentivize prospective buyers into the market. The nation’s largest lender,

View original post 643 more words

Advertisements

What is your opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: