To qualify for a conventional loan, a person must now have a minimum 640+ credit score and two years of sufficient income (W-2's or tax returns) to qualify, this is compared to 500+ score just a few years ago. 

 

Keep in mind that FHA loans being government insured by the letter of the law should not have a minimum credit score requirement, but because lower score individuals have a higher foreclosure rate, the lenders have placed a high score requirement on borrowers because they don't want FHA to drop them. FHA loans were designed to help first time home buyers and people with lower scores, so that they would not have to fall to predatory lending. Given that the central bankers own the government, the very program that was designed to protect the people with lower scores from predatory lending is now turning away people who need the help most.

 

Furthermore all the stated income (where income is stated, not proven) programs have been done away with, which means that self employed people who have been the backbone of the U.S. economy, and who legally write off their expenses, can no longer qualify for either conventional or FHA home loans; the only way for self employed people to qualify now is reducing their writing offs, which means they have to pay a hefty tax bill for two consecetive years before they can apply for a home loan.

I have had to turn down self employed people with solid net worth and 800+ credit scores. These are people who are a good credit risk but are discriminated against because they don't want to hand over their hard earned money over to the fed in the form of income taxes which are illegal because their is no law requiring us to file income tax returns (go to freedomtofascism.com for more info. on the illegal nature of income tax).

 

The above was an overview of who can qualify for home loans in today's market. Now for those who don't qualify and must refinance because of an adjustable rate mortgage that is up to 7-12% the central bankster owned government has very few options, and the details are still very unclear.

 

If you just can't afford your high interest mortgage and are beginning to miss payments, apparently you can contact your lender and ask them if you can qualify to reappraise your home at today's lower values. The depreciation of homes is now a major problem and apparently lenders may reappraise your home at today's prices and then lower your interest rate, and the fed. will pay the difference in the discounted interest rate to the lender. For more information I encourage your readers to call their lender and go to the following websites: makinghomeavailable.gov and hud.gov.

 

As a reasonable person I conclude that the current housing crisis is more proof that the central bankers  are solidifying their strangle hold on humanity, controlling the money supply and the interest rates, and the very government that began as the government of the people under God is now a proxy for the central bankers.

 

It is clear to me that until this country and the whole world goes back to a just gold and silver standard of money and until the central bankers and their masonic government officials are arrested, tried and executed for their crimes against God and humanity the financial crisis of the world will become worse until the whole world becomes a large concentration work camp for the central bankers.

 

As a man of God I believe that Christ will return to accomplish the above task with great power, but until then we the people must inform ourselves and our neighbors and resist this evil beast.