GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: Brumar89 who wrote (150813)	1/2/2009 1:47:27 PM
From: one_less	2 Recommendations of 173976

What! who's reckless idea was that? Oh yeah, it was clinton's. "Lending a lot to higher risk borrowers is a bigger problem. And thats what the government was coercing lenders to do." The Clinton Housing bill —“The National Homeownership Strategy: Partners in the American Dream”...excerpt>>> "For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."

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