Satan Answers The Prayers Of The Mortgage Order Mills Asking For Rising Delinquencies & Foreclosures

So what do you do when a massive student loan bubble results in crippling leverage for an entire generation of your population rendering them financially unqualified to obtain mortgage financing and their ‘God-given right’ to a slice of the ‘American Dream’?  Well, you simply change the rules to allow mortgage lenders to ignore all that pesky student debt…anything less would simply be evil and potentially racist, sexist and all sorts of other -ist words.

Luckily, Fannie Mae is right on top of the issue and has just released new rules allowing millennial borrowers to, among other things, simply exclude student loans, credit cards and auto loans that are “paid by someone else”…wink wink…when applying for a new mortgage.  As an added benefit, taxpayer subsidized mortgage loans can also now be used to repay student debt…Hooray for taxpayers!

2 thoughts on “Satan Answers The Prayers Of The Mortgage Order Mills Asking For Rising Delinquencies & Foreclosures

  1. Pingback: Homes and more Homes – The Forclosure on GODs Children

  2. Pingback: $3.00 Field offers was at my house today,flashing his Camera,wish they would us Google Much cheaper for the Deadbeat Homeowners – The Forclosure on GODs Children

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