tag:blogger.com,1999:blog-19803826.post5399210437899720685..comments2024-03-27T23:28:07.513-07:00Comments on BikeBubba's Boulangerie: Government and the housing crisisBike Bubbahttp://www.blogger.com/profile/08193546045614393425noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19803826.post-8459410131806537282008-09-26T07:50:00.000-07:002008-09-26T07:50:00.000-07:00Well, I wasn't in Minnesota at the time, but I sur...Well, I wasn't in Minnesota at the time, but I sure do remember the papers in Denver saying about the same thing. And I've (out of some morbid curiousity more or less) looked through the foreclosure listings, and they're virtually all 1999 or later, and almost all of them owe more than the original debt.<BR/><BR/>Hard to do that with a 30 year fixed!Bike Bubbahttps://www.blogger.com/profile/08193546045614393425noreply@blogger.comtag:blogger.com,1999:blog-19803826.post-71258133605750139772008-09-25T16:56:00.000-07:002008-09-25T16:56:00.000-07:00Do you remember about ten years ago when the Star-...Do you remember about ten years ago when the Star-Tribune ran several editorials bemoaning the alleged practice of "redlining", in which financial institutions were accused of ignoring entire neighborhoods due to racism?<BR/><BR/>Turns out the banks had some very good reasons for not lending money to a lot of those people.Douglas Hesterhttps://www.blogger.com/profile/08294368746311073234noreply@blogger.comtag:blogger.com,1999:blog-19803826.post-10059959899608828232008-09-25T13:18:00.000-07:002008-09-25T13:18:00.000-07:00similarly, there was apparently pressure to not us...similarly, there was apparently pressure to not use traditional determinants that provided a more robust picture of the financial feasibility of a borrower - they had to rely solely on credit scores, and increase lending to minorities and low income individuals: "affordable housing"<BR/><BR/>Ms. Coulter may focus on that in her article, but it's something i've been reading about for a week or so also.Shawnhttps://www.blogger.com/profile/05093170309806260127noreply@blogger.com