FHA Secure - FHA Rescue Program - HR 1424

There is a lot of confusion about the FHA Secure, FHA Rescue program, and the Hope For Homeowners program. Our politicians like to use mirrors and smoke to confuse us. They change the terminology between one bill to another, and from the house to the senate. There is a secret code that "we the people" do not have! I don't know about you but I am tired of the smoke and mirrors!

The Government works for us and upon our command they should be transparent!! Let me not go here.

I have gone through the guidelines for the "Hope for Homeowners" mortgage and I don't think any thinking person would want this loan. We have been sold down the road. You can read the Hope for Homeowners Guidelines here.

After reading the H4H guidelines it made me think that the FHA Secure loan is really a much better deal but it expires on December 30, 2008. Not many people will qualify for this loan but you should try for it first because The H4H loan was designed by the devil and I would personally pass on it.

FHA Secure - FHA Rescue guidelines.


We Will Pull Through. Hang in there.

Bail Out - What is wrong with this picture?

This is a great video about why/what, ... you know the bail out of all the crooks on Wall Street.

Enjoy. Be sure to leave your comments.




Incase the video has been moved, you can find it here.
http://www.youtube.com/watch?v=KQtq77RQRf0

HR 3997 - HR 1424

I don't know how you feel about all this economic bail out stuff but it really gets me angry. I'm not going to share my opinion because it doesn't matter. However, I think everyone should read the bill and develop their own opinion based on facts, not media hype.

I did some research and have links below of the pdf files so you can read it for yourself, or download it and read it later. I would like to say that in my opinion all bills going up for vote should be available to the public BEFORE they vote. Unfortunately, that is not the case. Maybe we can change that.

IF you want to just download the files to read later you only have to right click with your mouse and select "save target as", then tell it where you want it saved on your computer. I usually just put the stuff on my desktop.

This link is to the pdf file on HR 3997, the Emergency Economic Stabilization Act of 2008 that was voted on in the house of representative on the 28th. This is the original version. HR 3997

This is HR 1424 which is the revised version of the bill (HR 3997) and was actually passed. HR 1424

This link is a one page summary of the Act. One Page Summary

This link is for the section by section summary. It is much better than the one page summary. section by section summary


This stuff is worth the read. Post your thoughts.