Not exact matches
The affordable
housing law required Fannie and Freddie to meet government quotas when they
bought loans from banks and other mortgage originators.At
first, this quota was 30 %; that is, of all the loans they
bought, 30 % had to be made to people at or below the median income in their communities.
As you mentioned, I've been in lending for over 13 years, and actually kind of fell into this because my original plan was to be a medical malpractice attorney, so my path went along everything that would follow that, up until going into
law school, which I decided in April (when I was supposed to go in August) that something changed, so I needed to have a backup plan... And I hadn't had a backup plan, but what I did have was I had already
bought in full several
houses, because my husband and I
bought our
first house when we were 18 years old.
We
bought at the height of the
housing bubble in 2007, one of those bend - you - over, no - money - down,
first (and second) mortgages that only an idiot young
law grad like myself would get into (because
law school taught me everything there is to know about mortgages and home -
buying, if not how not to be stupid).
Now, Greg handles my business
law matters and Leslie just helped me
buy my
first house.
There's a specific
law that outlines what Jia can and can not do, and for a guy with a penchant for high - class living, it's surely going to present an issue: he can't travel
first - class, stay at expensive hotels,
buy or build luxurious
houses, purchase unnecessary cars, travel for leisure, or pay for his kids to study at a private school.
Q: My son and daughter - in -
law are
buying their
first house.