LAS VEGAS, Oct 20 (Reuters) - The regulator of Fannie Mae and Freddie Mac said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit.
Mel Watt, director of the Federal Housing Finance Agency, said the new guidelines for the two taxpayer-owned firms would be "sensible and responsible."
"(They) will be able to responsibly serve a targeted segment of creditworthy borrowers with lower down payment mortgages," he said in a speech.
Watt said the lower down payments would be allowed when taking into account "compensating factors." He did not specify what those factors would be.
He also said the two firms, which guarantee most new mortgages in the United States, will change rules that will make it harder for them to force banks to repurchase faulty loans from the mortgage agencies.
i was ahead of the curve.
the differences between qualitative and quantitative.
Deals with descriptions.
Data can be observed but not measured.
Colors, textures, smells, tastes, appearance, beauty, etc.
Qualitative → Quality
Deals with numbers.
Data which can be measured.
Length, height, area, volume, weight, speed, time, temperature, humidity, sound levels, cost, members, ages, etc.
Quantitative → Quantity
When the reality of the qualitative can no longer be masked by abstract falseness of contrived math, Quantitative Easing may be replaced by Qualitative Reasoning.
if the share price went down and nothing else changed, wouldn't that add more value to shares? if C is a good buy at $50 wouldn't it be an even better value for me to buy at $40? help me out here, i don't know much about stawks.
Oct 14 (Reuters) - Litigation alleging that Deutsche Bank AG , Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver has been centralized in Manhattan federal court.
Lawsuits filed by investors since July over the alleged price-fixing were consolidated on Tuesday in the U.S. District Court for the Southern District of New York, following an order issued last Thursday by the U.S. Judicial Panel on Multidistrict Litigation, a special body of federal judges that decides when and where to consolidate related lawsuits.
The panel ruled that the cases should be handled by U.S. District Judge Valerie Caproni in Manhattan, who is already overseeing similar litigation over alleged gold price-fixing.
Thank-you for sparing our lives another day and not killing all of humanity with a flood as you have promised. We are aware there are other ways you could do this, but at least we are not worried about a global flood. We are reminded of your promise each and every time we see the bow you placed in the sky. The beauty of the rainbow is breathtaking, as the flood was. We are thankful we did not have to kill animals and paint our doors with blood to keep the angels from killing our first born. We have so much to be thankful for, and we praise you for it. Bring back the talking snakes, if it be thy will.
Sound Money simply refers to a monetary system where governments and central banks do not have the capability to
create money out of thin air and therefore reduce the purchasing power of a currency.
"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights"
~Ludwig von Mises, August 08, 2006
"what's so special about gold"
"Yet gold has special properties that no other currency, with the possible exception of silver, can claim. For more than two millennia, gold has had virtually unquestioned acceptance as payment. It has never required the credit guarantee of a third party. No questions are raised when gold or direct claims to gold are offered in payment of an obligation; it was the only form of payment, for example, that exporters to Germany would accept as World War II was drawing to a close. Today, the acceptance of fiat money -- currency not backed by an asset of intrinsic value -- rests on the credit guarantee of sovereign nations endowed with effective taxing power, a guarantee that in crisis conditions has not always matched the universal acceptability of gold." ~ Alan Greenspan, Sept.29, 2014
"Effective taxing power" translates into basically paying their debts back to the banks by simply lowering the standard of living of people to serfdom. See Ludwig von Mises quote again.
"We've been in an environment where gold's price has been allowed to be determined by the market."
"it's just shiny metal"
Apparently it's an important element in the global monetary reserves that just so happens to be shiny.