Monthly Archives: September 2008

DANNY.RILEY.BLOG: WE REAP WHAT WE SOW

Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30- year fixed rate mortgage of less than $240000 -- a rate that currently averages ...
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1999 TIMES PROPHECY: BILL CLINTON, FRANKLIN RAINES & EASY MINORITY …

Your quotes from Franklin Raines, and the quoted material following, is cast in the past tense: At the time the Clinton program started, only 18 percent of the subprime market loans were going to blacks; that means 82 percent were going to ... These non-blacks, generally known as whites and hispanics, were the people Raines was describing, who were being forced to pay higher mortgage rates , and they, as well as blacks, were to be the beneficiaries of Clinton's actions. ...
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LA CANADA BLOG & REAL ESTATE: AVOIDING THE JUMBO MORTGAGE MAN

Consider these mortgage scenarios from a sampling of local banks. Each example carries a corresponding mortgage rate in the low-to-mid 6-percent range: $700000 mortgage with 20 percent down, primary residence. $1.5 million mortgage with 30 percent down, ...
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