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October 3, 2008 at 6:20 PM #280817October 3, 2008 at 6:21 PM #280490EugeneParticipant
http://www.whitehouse.gov/news/releases/2002/06/20020617-2.html
First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment.
…
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
George W. Bush, June 17, 2002
October 3, 2008 at 6:21 PM #280763EugeneParticipanthttp://www.whitehouse.gov/news/releases/2002/06/20020617-2.html
First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment.
…
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
George W. Bush, June 17, 2002
October 3, 2008 at 6:21 PM #280769EugeneParticipanthttp://www.whitehouse.gov/news/releases/2002/06/20020617-2.html
First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment.
…
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
George W. Bush, June 17, 2002
October 3, 2008 at 6:21 PM #280810EugeneParticipanthttp://www.whitehouse.gov/news/releases/2002/06/20020617-2.html
First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment.
…
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
George W. Bush, June 17, 2002
October 3, 2008 at 6:21 PM #280822EugeneParticipanthttp://www.whitehouse.gov/news/releases/2002/06/20020617-2.html
First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.
One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment.
…
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system — I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters, as well, and also conforms to their hearts.
This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)
Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)
George W. Bush, June 17, 2002
October 3, 2008 at 6:24 PM #280495jficquetteParticipant[quote=arraya]Yeah, it was Democrats and poor people that caused this mess. Keep drinking the GOP kool-aid. The problem is systemic. Both parties, the fed and the bought and paid for media. Time to take the ideological blinders off.
Corrupted by wealth and power, your government is like a restaurant with only one dish. They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side. But no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.
— Huey Long
[/quote]How can you watch the video and still say that it was not the Dems fault??
Why don’t liberals put the country first instead of their ideology?
John
October 3, 2008 at 6:24 PM #280768jficquetteParticipant[quote=arraya]Yeah, it was Democrats and poor people that caused this mess. Keep drinking the GOP kool-aid. The problem is systemic. Both parties, the fed and the bought and paid for media. Time to take the ideological blinders off.
Corrupted by wealth and power, your government is like a restaurant with only one dish. They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side. But no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.
— Huey Long
[/quote]How can you watch the video and still say that it was not the Dems fault??
Why don’t liberals put the country first instead of their ideology?
John
October 3, 2008 at 6:24 PM #280774jficquetteParticipant[quote=arraya]Yeah, it was Democrats and poor people that caused this mess. Keep drinking the GOP kool-aid. The problem is systemic. Both parties, the fed and the bought and paid for media. Time to take the ideological blinders off.
Corrupted by wealth and power, your government is like a restaurant with only one dish. They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side. But no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.
— Huey Long
[/quote]How can you watch the video and still say that it was not the Dems fault??
Why don’t liberals put the country first instead of their ideology?
John
October 3, 2008 at 6:24 PM #280815jficquetteParticipant[quote=arraya]Yeah, it was Democrats and poor people that caused this mess. Keep drinking the GOP kool-aid. The problem is systemic. Both parties, the fed and the bought and paid for media. Time to take the ideological blinders off.
Corrupted by wealth and power, your government is like a restaurant with only one dish. They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side. But no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.
— Huey Long
[/quote]How can you watch the video and still say that it was not the Dems fault??
Why don’t liberals put the country first instead of their ideology?
John
October 3, 2008 at 6:24 PM #280827jficquetteParticipant[quote=arraya]Yeah, it was Democrats and poor people that caused this mess. Keep drinking the GOP kool-aid. The problem is systemic. Both parties, the fed and the bought and paid for media. Time to take the ideological blinders off.
Corrupted by wealth and power, your government is like a restaurant with only one dish. They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side. But no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.
— Huey Long
[/quote]How can you watch the video and still say that it was not the Dems fault??
Why don’t liberals put the country first instead of their ideology?
John
October 3, 2008 at 6:52 PM #280505socratttParticipantLook Pigs, it doesn’t matter anymore who’s fault it is. We have a problem that needs to be fixed and blaming parties isn’t going to work. Greedy politicians and ignorant people are responsible for this financial catastrophe. We all need to agree that the economic health of this country should be the number one focus in this election. Neither one of these candidates excites me, but as you are all well aware the fiscal policy of the conservatives is where we should be voting if you worried about your own economic situation. Rarely is an election soley based on the financial status of this country, but this election is and I hope that all of you understand that we need the right party (regardless of candidate) in office!!!
October 3, 2008 at 6:52 PM #280778socratttParticipantLook Pigs, it doesn’t matter anymore who’s fault it is. We have a problem that needs to be fixed and blaming parties isn’t going to work. Greedy politicians and ignorant people are responsible for this financial catastrophe. We all need to agree that the economic health of this country should be the number one focus in this election. Neither one of these candidates excites me, but as you are all well aware the fiscal policy of the conservatives is where we should be voting if you worried about your own economic situation. Rarely is an election soley based on the financial status of this country, but this election is and I hope that all of you understand that we need the right party (regardless of candidate) in office!!!
October 3, 2008 at 6:52 PM #280784socratttParticipantLook Pigs, it doesn’t matter anymore who’s fault it is. We have a problem that needs to be fixed and blaming parties isn’t going to work. Greedy politicians and ignorant people are responsible for this financial catastrophe. We all need to agree that the economic health of this country should be the number one focus in this election. Neither one of these candidates excites me, but as you are all well aware the fiscal policy of the conservatives is where we should be voting if you worried about your own economic situation. Rarely is an election soley based on the financial status of this country, but this election is and I hope that all of you understand that we need the right party (regardless of candidate) in office!!!
October 3, 2008 at 6:52 PM #280825socratttParticipantLook Pigs, it doesn’t matter anymore who’s fault it is. We have a problem that needs to be fixed and blaming parties isn’t going to work. Greedy politicians and ignorant people are responsible for this financial catastrophe. We all need to agree that the economic health of this country should be the number one focus in this election. Neither one of these candidates excites me, but as you are all well aware the fiscal policy of the conservatives is where we should be voting if you worried about your own economic situation. Rarely is an election soley based on the financial status of this country, but this election is and I hope that all of you understand that we need the right party (regardless of candidate) in office!!!
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