go credit problem obama new program call home ready focus get immigrants mortgage fannie mae say hispanic households share dwell finance extend families say large underserved market catch first time let lenders qualify borrowers count income non-borrowers live household could possibly go wrong guess house bubble 2016/2017 remember obama chicago long president effort along acorn target anyone refuse home loan accuse discrimination obama help chicago acorn campaign intimidate bank make high-risk loan low-credit customers stanley kurtz report eric holder also heavily involve targeting.see also unreal obama admin pressure lenders loan high-risk section welfare takersremember mantra obama first office believe everyone home owner say responsible american taxpayer would foot bill obama holder go bank refuse potential minority mortgage customer new program target another minority attempt garner vote dems 2008 house market collapse bad enough appear verge experience financial sequel work similar script original version could prove devastate american taxpayer.the federal national mortgage association commonly refer fannie mae plan mortgage loan reboot could produce insane predictable result mortgage agency loan much money people neither income credit history qualify traditional loan.the obama administration propose homeready program new mortgage program largely target high-risk immigrants write investors.com first time let lenders qualify borrowers count income nonborrowers live household could go wrong question answer itself.the administration apparently believe change dirty word subprime alternative mortgage process palatable public investor note instead name homeready offer mortgage might well call defaultready risky subprime junk fannie peddle eve crisis 2008 house bubble burst one mortgage fitness suppose base income borrower person whose name would deed responsible make timely monthly payments new scheme scheme combine income everyone live house consider conventional home loan back fannie one may even claim income people live home borrower parents.if recent history prove approve borrower default pay taxpayers course politicians certainly associate fannie mae freddie mac whose leaders make like bandits last mortgage go-round cnnmoney report 2011 mortgage finance giants fannie mae freddie mac receive big federal bailout financial crisis nearly 100 million tax dollars go lucrative pay package top executives file show case reminders need outrageous behavior financial institutions contribute house market collapse recession whose pain still felt many goldman sachs agree civil settlement billion role associate market sell faulty mortgage securities investors.go see film big short remind cynicism many financial industry follow heel hbo film big fail reveal politicians bank part scam harm everyone themselves.according new york time one top banker kareem serageldin go prison conceal hundreds millions losses credit suisse mortgage-backed securities portfolio many join him.under late mortgage proposal credit problem immigrant qualify credit score low 620. subprime borrower put percent down.investor report fannie say hispanic households share dwell finance extend families say large underserved market another cynical attempt democrats along protect illegal immigrants win hispanic vote without regard potential cost taxpayers problem last house market collapse could happen sure could politicians care appear so.via rapid city journal white need apply obama new mortgage scam target high risk minority immigrants