{"id":29306,"date":"2008-05-14T01:01:01","date_gmt":"2011-05-19T03:50:25","guid":{"rendered":""},"modified":"2011-05-19T03:50:25","modified_gmt":"2011-05-19T03:50:25","slug":"rush_s_morning_update_screwed_again_may_15_2008","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/05\/14\/rush_s_morning_update_screwed_again_may_15_2008\/","title":{"rendered":"Rush\u2019s Morning Update: Screwed Again\r\n\r\nMay 15, 2008"},"content":{"rendered":"
\n

<\/p>\n

Rush\u2019s Morning Update: Screwed Again<\/strong><\/line>May 15, 2008<\/strong><\/strong><\/line><\/line>Watch It!<\/strong> <\/strong>Download Morning Update Video in QuickTime<\/a><\/line>Listen to It!<\/strong> Windows Media Player<\/strong><\/a>|RealPlayer<\/strong><\/a> <\/line><\/p>\n

For months, elected Democrats have bemoaned the sad fate of homeowners so distressed over rising mortgage rates that they\u2019ve abandoned their homes. Democrats blame “unscrupulous” mortgage brokers, who took advantage of homeowners. As with every crisis, Democrats have a solution — and that\u2019s using your tax dollars. Well, according to the Los Angeles Times, we\u2019ve been had. Looks like the phenomenon of “walkaway homeowners,” as they\u2019re called, is an urban myth! <\/p>\n

The L.A. Times checked with major banks, housing lenders, and the Mortgage Bankers Association, but no one could produce any factual numbers backing up claims that homeowners, en masse, have abandoned their homes. Mortgage Bankers Association spokesman John Mechem attributes his belief in the prevalence of walkaway homeowners to, quote, “what we\u2019re reading in the newspapers.” Yup: Drive-By stories. Turns out, Democrats are right about “unscrupulous” behavior being partly responsible for housing problems. On the part of unscrupulous borrowers<\/emphasize>! <\/p>\n

Many borrowers lied about their financial status, or lied that they planned to occupy the homes, but were really purchasing multiple investment properties. So, who\u2019s really abandoning homes? Not homeowners, but some investors who lost out when mortgage rates ticked up. So it\u2019s all BS! In retrospect, we should have known. When Drive-Bys and Democrats pounce on a crisis — and offer government solutions — ten times out of ten, we\u2019re not getting the whole truth. We\u2019re getting anything but the truth. It\u2019s just another setup.<\/p>\n

We\u2019re being screwed — politically speaking, of course.<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rush\u2019s Morning Update: Screwed AgainMay 15, 2008Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer For months, elected Democrats have bemoaned the sad fate of homeowners so distressed over rising mortgage rates that they\u2019ve abandoned their homes. Democrats blame “unscrupulous” mortgage brokers, who took advantage of homeowners. 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