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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (77934)	1/22/2010 11:14:35 AM
From: tonto	Respond to of 224877

Good enough.

To: Kenneth E. Phillipps who wrote (77934)	1/22/2010 11:53:59 AM
From: JakeStraw	1 Recommendation Respond to of 224877

Under pressure from the Clinton administration, Fannie Mae relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers. Putting pressure on the GSE's Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining at least 50% portion of their portfolios in loans to low and moderate-income borrowers.