[quote=DomoArigato][quote=briansd1]
What happens if the Tea Party is successful at eliminating government support of the mortgage market?
[/quote]
If the Tea Party can do that they will have served at least one useful purpose. I’d like to see all government support of the mortgage market eliminated. I don’t see why my tax money should be used to help someone buy an overpriced house.[/quote]
Agreed, with the possible exception of the government backing mortgage loans for a **single, primary residence** only, and even then, there should be a minimum 20% down payment requirement, and 28/33% DTI ratios on fully-verified income, at most.
