I agree with most of what you just said. However that's a very "macro" answer to what is a "micro" issue. Simply offering one additional mortgage finance option to potential home buyers. I've worked in mortgage finance since 2005. This isn't like the payment option ARM (neg am) products of the past. Those were inherently dangerous and reckless. This would just add another addordability option that doesn't currently exist.
Of course, the disclosure process should be robust so that borrowers know exactly what kind of loan they are getting. But let them make the choice. Perhaps you could require some sore of borrower education course before they would be eligible for this produce, similar to current first-time homebuyer courses.
None of this would have mattered 4 or five years ago when rates were 2%-3%. But in today's rate environment with affordability being the greatest barrier to home ownership, this just makes sense to me.
For 250 years, the Marines have stood at the edge of every fight for freedom โ fierce, fearless, and always faithful.
Happy birthday to the @USMC. SEMPER FIDELIS
For 250 years, the Marine Corps has stood as the vanguard, keeping the promise to be first to fight, no matter the cost.
#Marines stationed across the globe commemorate the 250th anniversary of the Marine Corps, honoring a distinguished legacy of service, sacrifice, and unwavering fidelity to both the nation and fellow Marines.
#USMC250 #MarineCorps #SemperFi
For 250 years, Marines have met every fight with resolve, precision, and an ethos that never wavers.
From the Old Breed to todayโs warriors, the standard has never changed.
America sleeps well because Marines stand the watch.
Happy Birthday, @USMC. Semper Fidelis.
When I see all these senators trying to lecture and "gotcha" Bobby Kennedy today all I can think is:
You all support off-label, untested, and irreversible hormonal "therapies" for children, mutilating our kids and enriching big pharma. You're full of shit and everyone knows it.
@brianstelter You're one of the softest men on the planet. If the electricity ever goes off, you'll be begging a conservative to keep you fed and alive.
There Are Many Like It: 250 Years of Marine Corps Service Rifles
Since its founding in 1775, the Marine Corps has earned a reputation as one of the world's premier fighting forces. This legacy was forged in combat using a tool of warfare that has evolved dramatically over the last 250 years - the rifle.
Follow the link to discover 250 years worth of rifles Marines have used to defend the Nation.
https://t.co/vzQLW6z7Ub