For Any And All Constitutional Conserve-ative Americans:
For just a glimpse at all the mortgage fraud going on in America which continues to go unaddressed by state and federal officials for political purposes most of all by the Federal Reserve and its member bank branches, take a look at this link at what is being offered for sale to any bank or lender for just $10,000 to start scamming potential home buyers.
Look at all those promises.
There may be now "cheap" homes on the market, but those loan terms and provisions have not at all changed, America, which were involved in this property theft and tsunami this past four years. Obama is simply attempting to get those homes filled for those banks with a new generation of suckers for the next housing meltdown. If history proves correct, that should be about midway through those now 40 year loan terms that are also now involved for most of these "new" loans.
There is now, of course, an "industry standard" (read profit margin builder) for most banks and lenders that first time homebuyers automatically do not qualify for fixed rate loans.
You see, fixed rate loans and assumables, or "non-usury" lending politicies, went out with the progressive greed of the bankers for more and more profit, as well as more and more riders and provisos on not simply repayment of those loans, but now even upkeep of the property for their now 40 year terms (and figure out how much merely in interest they will receive even at 3-4% since interest is collected as "primary" before any principal is applied and "compounded" inthe configurations used by most Federal Reserve bank branches on all mortgage payments, again for excess profit).
And this site had been up running making these claims in their advertising since apparently 1997:
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