Are you in favor of Public Option Mortgages?

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Many folks cannot afford a house for greedy private banks charge high interests and also demand down payments. They also reject applicants with prior history such a multiple bankruptcies. I think it would be a good idea to give the banks some good dose of competition, where poor folks can get loans. This will also make home prices more affordable.

10 Comments
  1. Reply
    crash.override
    May 18, 2011 at 1:44 am

    Uh, the government tried something like that…Fannie Mae and Freddie Mac. That didn’t turn out so well, did it?

  2. Reply
    Tom B
    May 18, 2011 at 2:22 am

    Mortgages should be gotten rid of all together.

  3. Reply
    Scott Y
    May 18, 2011 at 3:04 am

    Are you nuts…repeat 2008 all over again. I do not think so.

  4. Reply
    Light Up The Darkness
    May 18, 2011 at 3:14 am

    Public Option Mortgage, not really. Strict bank regulation, yes. No more adjustable rates, no more fine print. Money is vital to the country and people need to be told upfront how much of it they could be giving to the bank.

  5. Reply
    Joe Johnston
    May 18, 2011 at 4:08 am

    so what happens when these people end up not paying for the loans? didnt we learn this lesson with the mortgage crisis?

  6. Reply
    J P
    May 18, 2011 at 4:21 am

    We’ve already tried this, Anton. Perhaps you’ve heard of the housing bubble?

  7. Reply
    GoldManMoney
    May 18, 2011 at 4:31 am

    I support it because lib women can use tax payers money to abort their liberal baby!
    Right on!

  8. Reply
    Jerry
    May 18, 2011 at 4:51 am

    I like the idea of 20% down an the mortgage payment can not be more than one week salary.That was how most mortgages we wrote in the 60,s an 70’s till we got liberal an though that everybody with a heart beat should own a home.

  9. Reply
    hardwoodrods
    May 18, 2011 at 5:40 am

    Hmmm sounds suspiciously like the old public option they want in health care reform don’t it….

  10. Reply
    Bryan
    May 18, 2011 at 6:21 am

    No. That would be bad business. That’s the reason banks don’t give out those loans. The government can’t go out and just make public competition that is cheaper because they don’t care about losing money. That just drives us deeper in debt and puts the private companies out of business and will cause another housing market crash.

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