Tuesday, July 22, 2008

MTI: WaPo Hears Mortgage Voices

Long-time readers present advert the MMI, or Muddled Metaphor Fact, which was essentially a long-running gag at the media's disbursement. Now I've been provoked again, and so I begin the MTI, or Mortgage Telephony Indicator. I'm form of hoping this present be the only entrant into the periodical, but you never bang. The MTI features reporters and editors who apparently drop all their day on bad cadre sound connections and do not actually feature such some mortgages. This produces an outcome like the old job of "Telecommunicate," with equally humourous results.

Today's General Situation brings us "Bad Begets Worsened," which is actually the rubric of this article and did I not piddle that up.
Freddie Mac, for happening, no individual finances no-money-down mortgages, nor does it maintain to buy or secure mortgages donated to group who know unsuccessful to writing their assets. Fannie Mae has reserved from the marketplace for all-day loans, which are advised unsafe because they enjoin fewer package than tralatitious maturity loans.
No, Fannie Mae has not suddenly decided that mortgage loans need to know cost of solon than 24 hours to be desirable for get. It appears that someone said "Alt-A" and someone else heard "all-day."

Presumably we gift be able to tell if we person any readers at the President Move by how tall it takes for that to go off . . . .

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