Sean Hannity linked to shell companies that spent $90M on property: report

[gwb-trading]

You made the assertion. I am calling bullshit on your assertion. As a matter of fact under Obama we had Dodd Frank which increased lending standards and made it difficult for private banks to accrue large percentages of their portfolio as subprime. Washington Mutual is a prime example.

Now I know fanny and Freddie just allowed conventional loans to go to 3% down but that’s with credit and income qualifications. But, that was very recent.

As to Obama, show me the programs and subprime percentages. Right now, they are very low.

Subprime Mortgages On March Again, As Obama Pressures Easier Lending
https://www.investors.com/politics/...arch-again-as-obama-pressures-easier-lending/

Obama administration pushes banks to make home loans to people with weaker credit
https://www.washingtonpost.com/busi...19bce7af755_story.html?utm_term=.d1481178b881

This is the sub-prime house that Barack Obama built
https://www.telegraph.co.uk/comment...-sub-prime-house-that-Barack-Obama-built.html

How Obama Destroyed Black Wealth
https://jacobinmag.com/2017/12/obama-foreclosure-crisis-wealth-inequality

(Note this article covers past and present policy)
With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
http://dailycaller.com/2012/09/03/w...subprime-loans-to-chicagos-african-americans/

Obama is setting us up for another housing crash
https://nypost.com/2016/03/12/obama-is-setting-us-up-for-another-housing-crash/


Plus another 108,000 articles in a simple Google search on the Obama administration's policies and actions pushing more reduced lending standards to increase minority homeownership among people with poor credit.

 

[Cuddles]

Is someone making the argument that Obama made it easier to borrow? Lolz

 

[gwb-trading]

Is someone making the argument that Obama made it easier to borrow? Lolz

We are outlining that the Obama administration aggressively pursued policies to make mortgage borrowing for lower-income, poor-credit minorities easier which in turn led to another cycle of subprime mortgage lending and associated defaults. The lessons of 2008 that the government should not drive policies that compel banks to lend money to people who will not pay it back were not learned.

 

[exGOPer]

Is someone making the argument that Obama made it easier to borrow? Lolz

Yea, apparently Obama made Hannity mop up real estate using government regulations he rants about every day and then hide it all with shell companies. Party of Personal Responsibility. No mention of Ben Carson doing anything to continue those Obama handouts because Obama is still POTUS when things go bad.

 

[exGOPer]

We are outlining that the Obama administration aggressively pursued policies to make mortgage borrowing for lower-income, poor-credit minorities easier which in turn led to another cycle of subprime mortgage lending and associated defaults. The lessons of 2008 that the government should not drive policies that compel banks to lend money to people who will not pay it back were not learned.

And even assuming your right wing drivel editorials are true, why hasn't the Trump admin ended these Obama era rules for people like Hannity to take advantage of? You did read the Guardian article right and how Ben Carson is involved in this?

 

[exGOPer]

As expected, no answer

Here is con thinking in a nutshell

The gubmint is BIG AND BAD AND WANTS TO KILL YOU AND YOU NEED TO BE PATRIOTS AND DRAIN THE SWAMP AND THROW OUT DA LIBS, but it's fine if Hannity wants to use government programs and money to make a shit-zillion dollars off of poor people. That's MAGA hilarious.

 

[Frederick Foresight]

 

[UsualName]

Yes, any investment real estate company would be an idiot to not take them -- when HUD is constantly pushing these loans as a way of clearing out foreclosures from banks. In fact since 2008 it is difficult for many real estate investors to get a loan to purchase a foreclosure unless it is a HUD loan.

The real problem is that the U.S. government learned nothing from the 2008 crisis. The banking standards are back to no income check, low credit score, no money down real estate loans to unqualified homeowners. All of this pushed by the Obama administration as a method of increasing minority home ownership. The problem is that if the people are not realistically qualified for a loan then they are going to default -- the loan should have never been extended to start with.

It is time to get back to proper standards for mortgage lending 20% down, income check required, and reasonable credit history.

Subprime Mortgages On March Again, As Obama Pressures Easier Lending
https://www.investors.com/politics/...arch-again-as-obama-pressures-easier-lending/

Obama administration pushes banks to make home loans to people with weaker credit
https://www.washingtonpost.com/busi...19bce7af755_story.html?utm_term=.d1481178b881

This is the sub-prime house that Barack Obama built
https://www.telegraph.co.uk/comment...-sub-prime-house-that-Barack-Obama-built.html

How Obama Destroyed Black Wealth
https://jacobinmag.com/2017/12/obama-foreclosure-crisis-wealth-inequality

(Note this article covers past and present policy)
With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
http://dailycaller.com/2012/09/03/w...subprime-loans-to-chicagos-african-americans/

Obama is setting us up for another housing crash
https://nypost.com/2016/03/12/obama-is-setting-us-up-for-another-housing-crash/


Plus another 108,000 articles in a simple Google search on the Obama administration's policies and actions pushing more reduced lending standards to increase minority homeownership among people with poor credit.

Please try to follow the original assertion about no credit or income checks.

Subprime now is not the subprime of the Bush years, nor is it at those levels.

 

[exGOPer]

Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by the Guardian.

 

[Frederick Foresight]

Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by the Guardian.

Truly a man of the people.