Re: Barack Obama's STOP FRAUD Act - Ouch
Al that is really alarming. Thanks for sharing.
You can NOT blame lenders for being more cautious with all the pending legislation stupidity out there.
You would have thought that Sen. Barack Obama would have consulted real estate industry and economic experts before submitting the STOP FRAUD Act. Let alone doing it twice.
With pending legislation such as this we can only expect credit to tighten. And without home loans there are no home sales.
Sen. Barack Obama continues to spout “Change” as his main mantra. Sen. Hillary Clinton has it right when she asks “what kind of change” and “not ALL change is good”.
A deep recession is “Change”. A depression is “Change”. Fighting al-Qaeda on American streets instead of Iraq is “Change”. But none of these are good changes for America.
~Mack
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