10-28-2008, 08:25 PM
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#1
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Old School Balla
Join Date: Oct 2001
Posts: 13,097
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Quote:
Originally Posted by Mavdog
yes, there has been, specifically malkin.
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Link please?
Quote:
no, I never 'acknowledged" acorn did such.
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Then you're not willing to acknowledge reality.
There is a big difference between doing something solely because you think it will be a money-making venture and doing something because you want to avoid a costly legal fight. I know you can see the difference, so I don't know why you insist on pretending that lenders weren't extorted into acting.
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10-28-2008, 08:38 PM
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#2
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Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
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Quote:
Originally Posted by kg_veteran
Link please?
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ugh, I'll have to go read all those malkin columns....
Quote:
Then you're not willing to acknowledge reality.
There is a big difference between doing something solely because you think it will be a money-making venture and doing something because you want to avoid a costly legal fight. I know you can see the difference, so I don't know why you insist on pretending that lenders weren't extorted into acting.
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it comes back to the question: are you asserting that making loans to lower income and minority borrowers equals lowered credit standards.
it appears that you are.
acorn's goal was to increase the availability of loans to these borrowers, not the loosening of standards by the lenders.
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10-28-2008, 08:49 PM
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#3
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Old School Balla
Join Date: Oct 2001
Posts: 13,097
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Quote:
Originally Posted by Mavdog
ugh, I'll have to go read all those malkin columns....
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Yeah, especially if you're going to attribute something to her that I don't think she said.
Quote:
it comes back to the question: are you asserting that making loans to lower income and minority borrowers equals lowered credit standards.
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No, I'm asserting that ACORN pressured lenders into lowering credit standards. And I've backed it up with proof. You've yet to produce anything to refute what I've said.
Quote:
acorn's goal was to increase the availability of loans to these borrowers, not the loosening of standards by the lenders.
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Actually, I've demonstrated that their goal in threatening regulatory complaints was exactly that -- to have the lenders lower their credit standards.
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10-28-2008, 08:54 PM
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#4
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Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
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Quote:
Originally Posted by kg_veteran
Yeah, especially if you're going to attribute something to her that I don't think she said.
No, I'm asserting that ACORN pressured lenders into lowering credit standards. And I've backed it up with proof. You've yet to produce anything to refute what I've said.
Actually, I've demonstrated that their goal in threatening regulatory complaints was exactly that -- to have the lenders lower their credit standards.
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no kg, you have provided links to pieces by the likes of kurtz where they say their opinions about acorn. you and these writers have not shown any "proof" whatsoever that the goal of acorn was for lenders to lower their credit standards.
the only "proof" is that acorn pushed lenders to make more loans to minorities and lower income borrowers.
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10-28-2008, 08:59 PM
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#5
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Old School Balla
Join Date: Oct 2001
Posts: 13,097
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Quote:
Originally Posted by Mavdog
no kg, you have provided links to pieces by the likes of kurtz where they say their opinions about acorn. you and these writers have not shown any "proof" whatsoever that the goal of acorn was for lenders to lower their credit standards.
the only "proof" is that acorn pushed lenders to make more loans to minorities and lower income borrowers.
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Where is the proof of that? Mavdog's word for it?
The pieces I cited aren't just op-ed columns; they're investigative pieces. Cite to some that support your position, if you can. So far, you haven't cited to anything other than your own opinion.
You're trying to draw a rhetorical distinction for some unknown reason, but it's not working.
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10-28-2008, 09:14 PM
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#6
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Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
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Quote:
Originally Posted by kg_veteran
Where is the proof of that? Mavdog's word for it?
The pieces I cited aren't just op-ed columns; they're investigative pieces. Cite to some that support your position, if you can. So far, you haven't cited to anything other than your own opinion.
You're trying to draw a rhetorical distinction for some unknown reason, but it's not working.
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what? kurtz's is an "investigative piece"?
no, it's not. it's his attempt to slam acorn, and it is not factual.
here is what acorn themselves say on their site:"ACORN Housing and CitiMortgage, Bank of America, First American Title Insurance Company, and Fannie Mae announced today the launching of a new non-profit mortgage brokerage called Acorn Housing Affordable Loans, LLC, to help qualified borrowers enjoy the benefits of homeownership throughout Florida. Additional offices will be launched in other states in the coming months. The new mortgage brokerage will also help homeowners faced with resetting adjustable rates that may make their current home mortgage payments unaffordable
http://www.acornhousing.org/index.php
uh, "qualified".
acorn works on affordable housing. that's a euphemism for "cheap"....
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10-28-2008, 10:13 PM
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#7
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Old School Balla
Join Date: Oct 2001
Posts: 13,097
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Quote:
Originally Posted by Mavdog
what? kurtz's is an "investigative piece"?
no, it's not. it's his attempt to slam acorn, and it is not factual.
here is what acorn themselves say on their site:"ACORN Housing and CitiMortgage, Bank of America, First American Title Insurance Company, and Fannie Mae announced today the launching of a new non-profit mortgage brokerage called Acorn Housing Affordable Loans, LLC, to help qualified borrowers enjoy the benefits of homeownership throughout Florida. Additional offices will be launched in other states in the coming months. The new mortgage brokerage will also help homeowners faced with resetting adjustable rates that may make their current home mortgage payments unaffordable
http://www.acornhousing.org/index.php
uh, "qualified".
acorn works on affordable housing. that's a euphemism for "cheap"....
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Two things:
1. What do you expect ACORN to say? That they blackmailed lenders? You should know better than to cite ACORN as a source...about ACORN!
2. You do realize that by lowering or relaxing lending standards, borrowers who were previously "unqualified" can suddenly become "qualified", don't you?
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