|Oct 11, 2010, 06:18 AM|
Those who can afford it
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 minimum 5% down payment in order to qualify.
His proposal was rejected 57-42 on a 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."
|Oct 11, 2010, 10:21 AM|
Greenville, NC USA
Joined Sep 2009
With that kind of logic I'm glad I didn't vote for him. When will the two parties stop taking care of themselves and focus on the country and us?
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