Published: June 17, 2009
Letter to the Editor
Go figure!!!
Explain this to me please.... congress and the media blamed the mortgage industry for writing what was called sub-prime financing... to people with feces for credit and little or no cash in the transaction... and then blamed mortgage brokers for the entire economic melt down... and soooooo here we go to the Fannie Mae HomePath web site... seems that they have those REO's to sell off... http://www.fanniemae.com/homepath/financing/index.jhtml
Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only) You may qualify even if your credit is less than perfect Available to both owner occupiers and investors Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer No mortgage insurance* No appraisal fees Also eligible for HomePath Renovation Mortgage
HomePath Mortgage financing is available from a variety of lenders...
Guess when the government does it all is good... do as I say not as I do...
What am I missing?
Stan Brody
United States Mortgage Corporation
d/b/a MULTISOURCE
SF Peninsula 650-342-9906
Wine Country 707-942-1210
FAX: 650-401-8700
707-737-0341
http://stanbrody.blogspot.com/
* The views of Letter writers do not necessarily reflect the views of NewsBlaze
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