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<blockquote data-quote="av8torntn" data-source="post: 909526" data-attributes="member: 8259"><p>But you guys ignore that the government is subsidizing the interest rates. If you take what would normally qualify to be a prime loan 20% downpayment, verifiable income, 740 credit score, verifiable home value, etc. you would have many more. You call a HUD loan a prime loan but it really isn't. Like I said you have to take an extremely narrow view to make your argument. Someone(those that pay taxes) are paying the higher interest rate as they default.</p><p></p><p></p><p></p><p>12 U.S.C.A. ßß 2902(3) and 2903 - That's the third time I posted this for you. CRA subprime loans are what I am talking about. Also what I said was that CRA loans defaulted at the same rate as similar non CRA loans. Nice try.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 909526, member: 8259"] But you guys ignore that the government is subsidizing the interest rates. If you take what would normally qualify to be a prime loan 20% downpayment, verifiable income, 740 credit score, verifiable home value, etc. you would have many more. You call a HUD loan a prime loan but it really isn't. Like I said you have to take an extremely narrow view to make your argument. Someone(those that pay taxes) are paying the higher interest rate as they default. 12 U.S.C.A. ßß 2902(3) and 2903 - That's the third time I posted this for you. CRA subprime loans are what I am talking about. Also what I said was that CRA loans defaulted at the same rate as similar non CRA loans. Nice try. [/QUOTE]
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