Wednesday, March 18, 2009
Missed the Mark
Been ill. I don't think the congress has a clue. Every thing they do in for knee jerk sound bites. Freddie and Ginny have upped (again) the credit score required to underwrite. Now these are quasi governmental agencies and very close to being the last PMI guarantor left. In other words rather than helping the average American with a credit score between 650 and 750 they are "willing" to insure those that don't really need help. You know....those "qualified buyers" you hear about on TV ads. What it amounts to is taking money out of the Banking system. Write call or E mail your representatives....get smart and help not pose for the cameras in indignant huff.
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