karl Posted June 25, 2010 Share Posted June 25, 2010 Democrats Vote Down 5 Percent Rule 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. Quote Link to comment Share on other sites More sharing options...
Dr. Shane Posted June 25, 2010 Share Posted June 25, 2010 We need more of Dave Ramsey. Quote Pastoral Family Counselor... Find me at www.PostumCafe.com Author of Peculiar Christianity Link to comment Share on other sites More sharing options...
doug yowell Posted June 25, 2010 Share Posted June 25, 2010 Democrats Vote Down 5 Percent Rule 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. Don'tcha feel really secure with the Democrats running the country?? Your tax dollars at work.What's the definition of a person who continues to try something that has been proven to not work? I think that when I bought my house,some 24 years ago, I could only qualify for a Fanny Mae loan and I was required to come up with the 5% in order to qualify. And I thought that was a good deal!!Maybe I shoulda waited.These Dems and those who keep voting for them live in a fantasy world.Like Willy Wonka's Money Factory. Quote Link to comment Share on other sites More sharing options...
karl Posted June 25, 2010 Author Share Posted June 25, 2010 Originally Posted By: karl Democrats Vote Down 5 Percent Rule 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. Don'tcha feel really secure with the Democrats running the country?? ......These Dems and those who keep voting for them live in a fantasy world.Like Willy Wonka's Money Factory. It just proves that these clowns could not care less about America and, really, the world. We have been wading through a financial abyss which everyone agrees was brought on by exactly the attitudes toward the financing of house purchases which STILL PREVAIL amongst Dumbocratic legislators. How much stupider do they come? Quote Link to comment Share on other sites More sharing options...
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