[Vtigercrm-commits] Need Financing?

[Sales]

Bad Credit or No Credit is Not a Disqualifier

http://www.aviarysisithcowpie.net/1801/82/261/775/1569.11tt74660321AAF25.php






Unsub- http://www.aviarysisithcowpie.net/1801/82/261/775/1569.11tt74660321AAF14.html














n.Obama will announce Wheeler's and Watt's appointments from the White 
House Wednesday afternoon. The White House officials spoke on condition 
of anonymity because they weren't authorized to publicly discuss the appointments 
before the president's formal announcement.Watt's nomination comes at a 
crucial time for Fannie Mae and Freddie Mac, two federally sponsored mortgage-finance 
enterprises that the government rescued at the height of the financial crisis 
in September 2008 as they teetered near collapse from losses on mortgage 
loans gone bad.Taxpayers have spent about $170 billion to rescue the companies. 
So far, they have repaid a combined $55.2 billion.Fannie and Freddie together 
own or guarantee about half of all U.S. mortgages, or nearly 31 
million home loans. Those loans are worth more than $5 trillion. Along 
with other federal agencies, they back roughly 90 percent of new mortgages.The 
nomination comes as the housing industry is making a comeback. Home prices 
are up, foreclosures are down and housing construction is on the rise. 
Moreover, Fannie Mae had its biggest yearly profit last year, earning $17.2 
billion.Watt, a senior member of the House Financial Services Committee 
and former chairman of the Congressional Black Caucus, played an influential 
role in the passage of a financial regulatory overhaul in 2010. That 
legislation, however, did not address the fate of the major mortgage lenders, 
an issue likely to come up during Obam
n.Obama will announce Wheeler's and Watt's appointments from the White 
House Wednesday afternoon. The White House officials spoke on condition 
of anonymity because they weren't authorized to publicly discuss the appointments 
before the president's formal announcement.Watt's nomination comes at a 
crucial time for Fannie Mae and Freddie Mac, two federally sponsored mortgage-finance 
enterprises that the government rescued at the height of the financial crisis 
in September 2008 as they teetered near collapse from losses on mortgage 
loans gone bad.Taxpayers have spent about $170 billion to rescue the companies. 
So far, they have repaid a combined $55.2 billion.Fannie and Freddie together 
own or guarantee about half of all U.S. mortgages, or nearly 31 
million home loans. Those loans are worth more than $5 trillion. Along 
with other federal agencies, they back roughly 90 percent of new mortgages.The 
nomination comes as the housing industry is making a comeback. Home prices 
are up, foreclosures are down and housing construction is on the rise. 
Moreover, Fannie Mae had its biggest yearly profit last year, earning $17.2 
billion.Watt, a senior member of the House Financial Services Committee 
and former chairman of the Congressional Black Caucus, played an influential 
role in the passage of a financial regulatory overhaul in 2010. That 
legislation, however, did not address the fate of the major mortgage lenders, 
an issue likely to come up during Obam

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.vtigercrm.com/pipermail/vtigercrm-commits/attachments/20130808/a8ab9a39/attachment.html>