Obama Will Make Taxpayers Guarantee Mortgages Without Checking Borrowers’ Incomes or Employment

Obama Will Make Taxpayers Guarantee Mortgages Without Checking Borrowers’ Incomes or Employment

(CNSNews.com) – Wth no authorization from Congress, President Barack Obama has announced that his administration–through the Federal Housing Administration–will insure refinanced mortgages for 2 to 3 million borrowers without verifying their income or even if they hold a job, according to the Department of Housing and Urban Development (HUD).

Obama announced his latest mortgage program at a White House news conference on Tuesday.

Any American with a mortgage insured by the Federal Housing Administration (FHA) endorsed on or before May 31, 2009 and who is current with their mortgage payments would qualify, according to HUD.

No additional underwriting, or examining the verification of income, employment status or creditworthiness, will be done.

“Basically that’s because they already have an FHA loan and that’s just refinancing the same loan,” HUD spokesman Lemar C. Wooley told CNSNews.com.

Rest here…

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4closureFraud.org

Comments
18 Responses to “Obama Will Make Taxpayers Guarantee Mortgages Without Checking Borrowers’ Incomes or Employment”
  1. banksterslayer#301 says:

    Well everyday brings more sense of despair,chaos,confusion.Outrage.This is beyond the pale…what can be said of the entire situation in America?Are the lunatics running all the asylums?Has the country already been taken down from within?Signs seem to indicate so.I feel ill.As to censoring anybody,I may not agree with what anyone has to say but I defend their right to say it.Ivent was one of the few people who actually wrote a reply to me(so far as I am aware) when I first found this blog.I was in deep depression,thinking to surrender my beloved Dog as I have been without work for pay for some long months and it is very very hard…Ivent helped me to think about what I was saying…I still have my Friend.As to the Property,I am in a terrible position.I was abandoned along with our eldest Daughter as well.No warning.I still am unable to get past the denial….the heartbreak is real.Many times I question my sanity,but have Faith…it is getting harder now.Sorry if I make little sense tonight I am tired and my teeth&jaw hurt…time to say goodnight,tomorrow is another day,we can all try again.I fear we are indeed losing our country and our liberty.I grieve.Stay strong in Truth.

    • lvent says:

      @banksterslayer#301..I am so glad to hear that you listened to your heart and kept your best friend by your side..! We American patriots are all at war here with these commies..and they have a very evil agenda and have infiltrated us..but, thanks to some true blue patriots…we caught them..red handed trying to walk away with our wealth and our country…so right now they are all tongue tied and tangled up in their own massive web of evil, criminal secrets, lies, deceit and fraud…We just have to have faith and then we can overcome anything..The U.S. CONSTITUION, THE U.S. BILL OF RIGHTS AND THE NATIONAL SOVEREIGNTY OF THE UNITED STATES OF AMERICA WILL PREVAIL…!!! SILENCE IS DEADLY..WE MUST ALL CONTINUE TO SPEAK OUT LOUDLY AND CLEARLY AND ALERT THE PEOPLE…! GOD BLESS YOU AND GOD BLESS AMERICA…

  2. mj says:

    hey fury…I wish I had said that.

    • lvent says:

      and that goes triple for you mj…your another Nazi…all the Nazis are out tonight…and you are all telling each other Heil Hitler…you lousy lying dirtbags….go back to hell where you all came from..

  3. Wake Up America! says:

    I totally agree “Fury” and “Readdocs.” It is time for “Ivent” to find another home. Past time, actually. I think we’ve all had it with the ranting lunacy, the all caps screaming and Hitler comments. These rants serve no purpose, do not further our cause and most likely drive intelligent people away from this otherwise fine website.

    I am all for freedom of speech. Especially when said speech is intelligent and respectful. Ivent’s rants are neither intelligent or respectful. It is time to put an end to this lunacy.

    • lvent says:

      WAKE UP AMERICA…AND WHAT I JUST TOLD THOSE TWO GOES DOUBLE FOR YOU…YOU BIG PHONY..POSING AS AN AMERICAN….NAZI..

    • lvent says:

      WAKE UP AMERICA…IT IS TIME FOR FURY, READDOCS, MJ…AND ALL OF YOU NAZIS TO GO FIND A NEW HOME…YOU ALL GOT CAUGHT…RED HANDED TRYING TO STEAL THE COUNTRY…YOU LYING NAZI SCUM..

    • Pamela Edwardsst a shoulder to cry on says:

      Wow people lighten up who died and made you guys god?This is a forum for anybody to comment on not just a chosen few.Nobody is going to run anybody off.You guys remind me of little kids throwing temper tantrums and running home to mommy.Get a grip were all supposed to be intelligent adults.So stop all the bullshit everybody.We’re supposed to able to garnish info here.Stop the kiddy crap and move on!!!Enough said.

  4. Fury says:

    patrick farrell and iVent please stop!
    this forum is too important for this nonsense. we have to wade through the muck.

    patrick farrell, your slurs against the jews are unacceptable in any forum.

    Ivent. the time has come for you to start your own blog instead of dominating this one.

    i have thought about some of what you have said, but when i see 15 posts in a row from you in the SCREAMING CAPS, it is just too much.

    you will blast me for this. i don’t care!
    my family is working valiantly each day to save our homes.

    michael works hard to have this site for us where there is an exchange of information about foreclosure.

    we get it. you think it is a hitler conspiracy. ok.
    please start your own blog. they are free. i am trying to say this as nicely as i can.

    you have a lot to say, please say it on your OWN blog.

    these are free sites:

    http://wordpress.com/

    https://accounts.google.com/NewAccount?hl=en&continue=http://www.blogger.com/create-blog.g&service=blogger&naui=8

    this is a free forum:

    http://www.proboards.com/

    please…. if you want to argue with patrick farrell about the jews and conspiratorial jesuits, both of you need to do it on your own sites. it is abhorrent. many people feel this way but they are afraid of being attacked, so i will say it.

    michael’s site as well as lisa’s are too damn important for us all.

    they don’t have the time to moderate.
    so take it elsewhere!

    • lvent says:

      Fury and Readdocs…#1…as I have reiterated…this is not about the Jews….I am talking about the Ashenazi Jews..the Zionists…..like it or not they are the Nazis…Radio Host Michael Savidge is a Jew and he agrees and says that actor Larry David is a Nazi…..#2 Michael and Lisa know that I am not referring to them……..#3 this is alot more complicated than fraudclosure…#4. you do not have to read my posts…#5. the trolls always show their true colors when the real truth is revealed…#6 You wish I would stop saying the truth….#7 NOT GOING TO HAPPEN…THE TRUTH IS GOING TO BE REVEALED ABOUT WHO THESE NAZIS REALLY ARE….#8…If your not a Nazi…. than you better do your homework….. #9. I am Catholic and I always rant on the Nazi Vatican…AND I COULD CARE LESS IF YOU GUYS DID…THE TRUTH IS THE TRUTH…AND THE TRUTH IS NOT PRETTY…. AT ALL…..JUST BECA– USE I RANT ON THE VATICAN DOES NOT MEAN I THINK ALL CATHOLICS ARE BAD…OR ALL PRIESTS ARE BAD…OR ALL POPES ARE BAD……I AM OF ITALIAN DESCENT…I HAVE RELATIVES WHO WERE IN THE MOB…MY OWN COUSIN IS IN PRISON DOWN IN FLORIDA RIGHT NOW FOR MOB TIES…AND WILL BE THERE UNTIL HE IS AN OLD MAN BECA– USE HE WOULD NOT RAT……THAT DOES NOT MAKE ME OR MY FAMILY MOBSTERS……The truth is that these NAZI…. Zionists come in every race. color and creed as I have stated…they are very deceptive, wolves in sheeps clothing…#10 ..YOU ALWAYS KNOW WHO THEY ARE WHEN THEY LIE, DECEIVE OR TRY TO SHOOT THE MESSENGER….. #10. This is not about you readdocs or Fury…this is about the TRUTH BEING REVEALED ABOUT ALL OF THIS EVIL THAT HAS BEEN HIDDEN THROUGHT OUT HISTORY.. …

      I BELIEVE BY THE GRACE OF GOD THE TRUTH ABOUT ALL OF THIS IS BEING REVEALED……..PLEASE FEEL FREE FURY AND READDOCS…TO COME UP WITH A VALID ARGUMENT..WITH SOME FACTS TO BACK UP WHAT YOU JUST DONT WANT TO HEAR OR DO NOT WANT TO BE REVEALED BECA– USE ….ONLY YOU 2 KNOW WHY…WELL UNLESS YOU CAN COME UP WITH PROOF THAT NONE OF THIS IS TRUTH……THEN THE TRUTH STANDS….AND SPEAKS FOR ITSELF…I HAVE 4 KIDS..AND THIS IS NOT THE WORLD I WANTED FOR THEM..SO GUESS WHAT…I AM GOING TO SCREAM THE TRUTH FROM HERE…AND EVERYWHERE THAT I CAN…THERE ARE PEOPLE WHO WANT TO KNOW THE TRUTH..I WISH SOMEONE WOULD HAVE TOLD ME THE TRUTH A LONG TIME AGO…

      PLEASE BE AWAR THAT I HAVE A FRIEND WHO WAS IN THE FBI WHO TOLD ME THIS STUFF IS ALL TRUE….SO JUST STOP THE B.S.BOTH OF YOU…!!!!
      AND I DONT CARE IF YOU DONT LIKE IT…I AM NOT HERE TO PLEASE YOU OR ANYBODY…I AM HERE TO SPEAK THE TRUTH…SO SHOW ME WHAT YOU’VE GOT..PLEASE…BRING IT ON…I WANT TO SEE SOME PROOF THAT WHAT I AM SAYING IS NOT TRUE….GOOGLE OR YOU TUBE SEARCH ANY OF THE WORDS THAT I SPEAK …..WE ARE NOT JUST FIGHTING FRAUDCLOSURE…THIS IS ABOUT WAY MORE….WHAT WE ARE TRULY FIGHTING HERE IS ANOTHER HITLER PLAN…AND MASSIVE CRIMINAL……SECRETS,LIES, DECEPTION AND FRAUD….

      .AND GUESS WHAT…. THE MORE YOU TELL ME TO BE QUIET…THE LOUDER I AM GOING TO HOLLAR……BECA– USE THAT IS MY RIGHT AS AN AMERICAN CITIZEN LIVING UNDER THE U.S CONSTITUTION AND THE U.S. BILL OF RIGHTS…AND I HATE LIARS AND DECEIVERS….

      GOOGLE THESE WORDS OR YOU TUBE SEARCH THESE WORDS….THESE ARE THE MOST VULGAR WORDS ON THE PLANET…NEW WORLD ORDER….ONE WORLD GOVERNMENT…HITLER PLAN……ASHKENAZI JEWS….ZIONISTS……THE DEVIL IS IN THE VATICAN…THE BLACK POPE, PETER HANS KLOVENBACH……..POPE BENEDICT WAS IN HITLERS YOUTH ARMY……….MANY OF THE SOLDIERS IN THE SS WERE JEWS…HITLERS BEST FRIEND WAS A JEW BECA– USE HITLER WAS A ASHKENAZI JEW….VATICAN RATLINES….ETC…PLEASE…LET ME KNOW WHAT YOU FIND OUT….BUT I HAVE A FEELING YOU BOTH ALREADY KNOW THE TRUTH…AND THAT IS WHY YOU ARE BOTH TRYING TO SHOOT THE TRUTH AND SHOOT THE MESSENGER….SHAME ON BOTH OF YOU ARE AND THEN…YOU ARE BOTH INCREDIBLY EVIL AND DESPICABLE EXC– USES FOR HUMAN BEINGS…AND IF YOU DONT KNOW THE TRUTH IS THAT THE NAZIS HAVE HIJACKED THIS COUNTRY…YOU BETTER OPEN YOUR EYES..

    • lvent says:

      BTW…FURY I DONT GIVE A DAMN WHAT YOU THINK IS ABHORENT…I THINK PEOPLE WHO SHOOT THE MESSENGER OR TRY TO COVER UP THE TRUTH FROM MANKIND FOR THESE NAZIS ARE ABHORENT ..SO CRY ME ARIVER…..AND IF YOU 2 ARE NOT NAZIS OR YOU DO NOT WORK FOR THEM …WELL THEN.. YOU 2 BETTER DO YOUR HOMEWORK…BECA– USE OTHERWISE…YOUR FEMA CAMP AWAITS YOUR ARRIVAL…

      • lvent says:

        FURY AND READDOCS…I I would NOT take offense to someone talking about the mafia or the nazis..unless I was one…

  5. Randolph (Randy) Frodsham says:

    You need to understand that this is for an FHA streamline refinance. It DOES have TWO underwriting conditions, you cannot have been late on a single mortgage payment for the past 12 months and the new payment must be at least 5% less than the old payment.

    If a borrower has not been late on their mortgage for at least the past year AND the refi lowers the existing payment, where’s the risk?!?

    Whatever their source of income, the mortgage payment has been made; if the payment is reduced, it will be easier to make! Duh!

  6. readdocs says:

    What is happening on this site, a repeat of Hitlers’ Germany? I’d say the freedom of speech
    here is beyond the pale…what do you next want to advocate, internment and the final solution?
    Disgusting.

  7. lvent says:

    I heard that Bernanke is of the Hebrew descent..he is just a puppet. Some are puppets, some are members..but, they are all are getting filthy rich from this HITLER PLAN…AND THEY ARE ALL EVIL…and there is no excuse for being a traitor..The loyalties of many of these people are in their pockets…but many more are members of this Big Evil Club..like the Bush’s…he is of the same evil bloodline as Obama.

    • Bloodsoaked says:

      I agree with you IVENT on everything. These people that attack you here on this site don’t really get it. They will be back for those homes later. YOU CAN COUNT ON THAT PEOPLE! THIS IS NOT ABOUT THE HOME IN THE WIDER VIEW OF THINGS. YES, you should start a separate blog of your own but sites like this need people like you to expose the real agenda at hand. It is not your property they want it is your sovereignty. THANKS FOR SCREAMING IT OUT! KEEP IT UP. IF YOU DON”T LIKE IT DON”T READ IT! ALL YOUR BLOGS START WITH YOUR NAME SO THAT SHOULD BE A HINT TO THOSE WHOM DON”T WANT TO BE INFORMED TO STOP READING YOUR BLOGS RIGHT?

      • lvent says:

        Thank You Bloodsoaked…and kudos..People may not realize how many credible sources that I have spoken with in every political branch imaginable and law enforcement branch including many attorneys as well as I have a very dear friend who is an ex-FBI agent…..I do not just speculate, I confirm..and always tell people to please do their own homework because we really have to to get it……The truth is that this is another Hitler Plan..as Chris Whalen confirmed this is a Hitler Plan on Bloomberg News a few months ago…and that is where I got the term from….Whether some do not want to hear it, see it or believe that this could be truly happening in the United States of America…..it is …I have confirmed this with many reliable sources..one attorney told me that they plan on stealing every house…I told him that is Communism…he told me…. No my dear, that is total and complete Communism….So, I say to that…bullshit..are we going to allow that…? Well, not me, or you and many more like us that is for sure..I do intend to continue to alert the people but of course, there are very many adversaries at work trying to stop people like us from warning the people..What I see when talking to my neighbors and people in general is that most people are waking up and are pretty damned livid and disgusted and are saying that these commies are not going to get away with this…and I for one agree with that..Many may not know thjat most of the SS were Jews and Catholics and Hitler was a Jew posing as a Catholic……..they are hiding behind so many religions and Nationalities and so forth…The only way to reveal their deception and their true Nazi commie identities that I know of is by their actions and what comes out of their mouths….do they lie?…do they deceive…? are they trying to “fix” this fraudclosure scam…when there is no “legal” or “monetary’ fix for this…THE AMERICAN PEOPLE ARE WHO FUNDED AND PAID FOR EVERYTHING..AT THE ORIGINATION…IT IS THE FED RESERVE BANKSTERS WHO DO NOT WANT TO PAY THE AMERICAN PEOPLE BACK….these people are Imposters and posers…and they are very sneaky and are pushing the NWO COMMIE GLOBALIST AGENDA…THAT IS HOW TO IDENTIFY THEM…Because these commies have hijacked the Vatican too and this shame has been going on all the back to the days of Jesus Christ so best to know what the NEW WORLD ORDER GLOBALIST AGENDA IS…. THE KNIGHTS TEMPLARS WERE THE WORLD FIRST BANKERS AND THIS IS THE CONTINUATION OF THEIR EVIL AGENDA THAT GOES ALL THE BACK TO CHRISTS DAY WHEN HE CALLED OUT THESE SAME MONEY CHANGERS IN THE TEMPLE…..They hide behind the scenes and take on many forms in order to infiltrate…..and they do have very evil plans for mankind……it is their evil ideology that is so incredibly dangerous… People should really read the Bible from cover to cover…..One thing that is certain…when WE THE PEOPLE cant protest openly…that is a warning…that means that we are living in a fraudulently induced dictatorship…and that is where we must draw the line…and the two party system is shot…2 choices for President in a free and open society is a joke…We need to go back to thinking and believing like in the olden days about alot of things……we need paper write in ballots that are PUBLICLY hand counted by WE THE PEOPLE…The microchip needs to be abolished…its intentions are the mark of the beast and are not good..at all….! We need to restore the U.S. CONSTITUTION and the U.S. BILL OF RIGHTS..issue our own currency ..U.S. Bank Notes and abolish the Fed Reserve mark of the beast monetary system…as well as the U.N./NATO/ISRAEL/VATICAN/ROTHSCHILD UNHOLY ALLIANCE..This is for starters and sooner or later it is all going to boil down to sacrifices by all of us…living without credit cards and debit cards and paying cash for everything…will abolish their evil plans for mankind of a microchipped Totalitarian dictatorship…It is up to all of us to make the proper corrections that will put America on the track the founding fathers intended which were the same as Gods…for the American People and the United States of America to be free and independent..We need people running America who believe in the U.S CONSTITUTION…and the U.S. BILL OF RIGHTS IN THEIR ORIGINAL FORM……

  8. Pamela Edwardsst a shoulder to cry on says:

    Just shows what an idiot he is.When are people going to learn you can’t trust what this dope says.

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