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Yellen’s plans for QE

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Mortgage Professional America | 14 Nov 2013, 10:11 AM Agree 0
The presumptive head of the Federal Reserve testified before the Senate today on her plans for the Fed's $85bn-per-month bond-buying program.
  • seriously | | 14 Nov 2013, 12:47 PM Agree 0
    And when this all winds down, how does she propose to curb inflation?
  • H.G. Rudh | | 14 Nov 2013, 01:06 PM Agree 0
    Keep digging a deeper hole to clime out of!
    The American dream is turning into a nightmare.
    Lies, lies and more lies.
    Who cares enough to do the right thing?
  • Bob Gillespie | | 14 Nov 2013, 02:39 PM Agree 0
    SERIOUSLY!! What's your answer?

    H.G.!! The American Dream is turning into a reality check. You have to work hard to achieve ANY dream. Home ownership requires hard work to earn enough to qualify for the mortgage. In addition, you need to work hard to keep your credit clean. Saving money for a down payment is a good idea. If one can't achieve these goals, for whatever reason, their dream won't come true. They are called RENTERS. Unless of course, Glenda hands them a pair of Ruby Slippers.
  • H.G. Rudh | | 14 Nov 2013, 03:25 PM Agree 0
    Bob, Sorry you missed the point completly.!!
    Goverment intervention has cost thousands of jobs plus pay cuts all while doubling its size.Lust for greed,power and control has led to the worst
    possible results for our country.Inflation and high interest rates are just around the corner.What will people do when gas is $20. per gallon?Bread $10 a loaf? Gas was.23 cents a gallon in 1964 and a family could buy a 4-bedroom home for $14,000. AND our currancy was backed by silver, before that by what? Printing more and more money with nothing to back it up.Fewer people can buy now than ever in the history of our country...even in Kansas.
  • M. Scott | | 15 Nov 2013, 06:20 AM Agree 0
    Seems convenient that Republicans (the big banks) want higher rates. Maybe their thinking is greed based because they make more money. Also, the rules seem to mimic ways that they all can still qualify for mortgages even if thru loopholes while the low to middle class are finding it ever so hard to do so. And that is IF they can get someone to do their lower mortgage amount that they can qualify for. They are forced to rent from the few who can pay cash for those low end properties and at a price that is just enough to keep them from saving to own. Yes. I think we should all have to save a down payment to own as that makes them less likely to walk away but lets not tighten all else to keep them from ownership.
  • Bob Gillespie | | 15 Nov 2013, 08:25 AM Agree 0
    H.G!! So you're a conspiracy theorist: doom and is right around the corner. Your rant about $20 gas and $10 bread is exactly the same number as it was when I got into the mortgage business in the late '60's. At least adjust your bull _hit figures for inflation. Not that it would add any credibility to your point, but would give some hint that your brain is working under that foil cap you are likely wearing. Home ownership levels continue to push to new highs, in spite of the fact that borrowers today must actually qualify for a mortgage. So pull your head out, or get a window installed where your belly button is. Then, perhaps, you could see what is going on in the real world. BTW, I closed hundreds of FHA mortgages at 16% interest back in the day and we managed to avoid Armageddon.
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