I can’t believe the Senator was able to make such a profound statement. I thought that was the purpose of getting qualified before the process began.
IN GOD WE TRUST
I can’t add anything to this, I just can’t!
Does this explain liberals to you?
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."