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Looking for a loan? Stay the 'frack' away from oil, banks say

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Mortgage Professional America | 23 Aug 2013, 05:25 AM Agree 0
Oil drilling by hydrochloric fracturing, or 'fracking', is already controversial, but it may be impacting borrowers' ability to get a mortgage
  • jps | | 23 Aug 2013, 09:12 AM Agree 0
    The leftist eco-lobby would rather see US continue to be at the mercy of jihadists and terrorists and communists than break free from foriegn oil
  • Steve Felt | | 23 Aug 2013, 09:19 AM Agree 0
    We love the oil and gas industry and will do business mortgages to them all day long and again on Sunday. Fracking is the best way to get American oil and stop our dependence on OPEC
  • reu | | 23 Aug 2013, 11:11 AM Agree 0
    So you are saying that Bush, Cheney and the Haliburtons want us to get away from foreign oil?
  • Bayview Mortgage Inc | | 23 Aug 2013, 11:37 AM Agree 0
    the trick on getting these mortgages thru. Don't use the income from the oil lease to qualify the mortgage. this is what they decline the mortgage over.
  • Jason | | 24 Aug 2013, 09:09 PM Agree 0
    Fracking is literally the worst thing ever. How can you say it is safe when even banks realize it will destroy the property value. The pro-fracking comments most likely work for the gas company and are part of their propaganda campaign. The trick to fund these mortgages is stop fracking and stop using gas guzzling cars.
  • Joe Rowan | | 26 Aug 2013, 07:48 AM Agree 0
    It's rather difficult to put any credence in this article. The process is known as HYDRAULIC fracturing, meaning the use of water. In twice referring to hydrochloric fracturing the author is either intentionally attempting to 'pollute' the issue or has never bothered to understand the extraction process.

    Next subject!
  • Joe Rowan | | 26 Aug 2013, 11:06 AM Agree 0
    This article isn't even news since the prohibition relates to severing the title to real estate from sub-surface mineral rights. It has nothing to do with the methodology of mineral extraction.
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