Platinum Supporter
Bronze Lifetime
- Messages
- 15,644
- Reactions
- 39,137
How the parties differ...
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac,
Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify for a loan.
His proposal was rejected 57-42 on a straight party-line vote because, as Senator Chris Dodd (D-Conn) explained,
"Passage of such a requirement would restrict home ownership to only those who can afford it."
I can't add anything to this - - - - I just can't.
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac,
Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify for a loan.
His proposal was rejected 57-42 on a straight party-line vote because, as Senator Chris Dodd (D-Conn) explained,
"Passage of such a requirement would restrict home ownership to only those who can afford it."
I can't add anything to this - - - - I just can't.