BHMTom

What If Fannie and Freddie Could Go Private? [Housing Tracker]

I'm not smart enough to figure this out. Bad home loans at 85% to 115% of selling price would have required PMI, Remember that stuff?I paid it on my first home and financed out of that scam with in the second year. These people paid to cover the banks risk in a crappy loan. Wheres the pay off. Shouldn't these be backed by an insurance policy in the case of a foreclosure? I har nothing on this. Or is one of the biggest insurance scams perpetrated on American soil?
I tried to bring some cash back into America, You know there is a 35% tax on that? Leaving it parked. Stupid of America. Uncle SamBo realy help the crisis..Eliminate, yes I said ELIMINATE the capital gains tax on investment property. How fast do you think homes would be gobbled up? A week, maybe 10 days? Just like them not lifting the gas tax when we were all crying about gas prices. Government acts so slow to dead when it comes to cutting taxes, but sure can wear out a printing press like a teen ager wrecks a new car.
No serious, e-mail me about PMI and where did it vaporise. tcd60 at yahoo