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Posts: 24
Registered: ‎05-17-2010
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Re: Do guys go broke anymore

Look at the request for expansion of authorities as a protective attack back at banks.  There are continual attacks on the Farm credit system by the large banking lobby.

 

The rules have been bent already as far as farm credit/ housing loans.  Basically they looked at the actual wording of the rules and determined they could do a little more.  Maybe the farm credit conservative lending could be applied to that market!   Supposedly there is a gap in financing.  The secondary market finances people in town on 1 acre parcels, but does not want the farmettes/homes with acreage.  The banks were over charging for those type loans, thus creating a niche market.