Obama Mortgage

Yes folks, this is a real program
and because I didn’t get involved in Fannie Mae or Freddie Mac I don’t qualify. But if you are part of the failed Fannie Mae or Freddie Mac programs and have a mortgage that has not been more than 30 days overdue in the past 12 months, you may be eligible for a refinance at a lower, fixed rate.


Let’s see now, you loan money to people who cannot afford to buy a house so they can buy a house, you cause Fannie and Freddie to need to be bailed out by the taxpayer to the tune of god knows how much money and then allow the ones that could actually make their payments to reduce their interest rates so Fannie and Freddie still can’t make up the losses. The stimulus is really working isn’t it? Well for some.

For those of you that may qualify for this refinance, here is the link and he does get the credit for it :-) http://www.fha.com/obama_mortgage.cfm