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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (56550)	2/16/2018 1:29:34 PM
From: i-node	Read Replies (1) \| Respond to of 359688

>> I've lost count of how many times I've posted this to i-node. Key phrase: "To help a low income, QUALIFIED BUYER ..." Also, this program was minuscule, highly limited compared with the idiocy of the Clinton CRA which had the effect of changing lending practices. It is a totally different thing you're referring to.

To: bentway who wrote (56550)	2/16/2018 2:10:50 PM
From: one_less	Respond to of 359688

The Clinton administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin down payments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place. President Bush continued the practices because they dovetailed with his Ownership Society goals, and of course Congress was strongly behind the push. But Clinton and his administration must shoulder some of the blame. http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html