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16,609 Posts
Today's email chuckle:
This is sheer genius
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. 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."
I can't add anything to this.
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.
HM
This is sheer genius
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. 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."
I can't add anything to this.
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.
HM