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<blockquote data-quote="trplnkl" data-source="post: 908128" data-attributes="member: 13254"><p>I read the links you provided, thank you for doing so. Unless I missed something, I did not see where any of the Bush passed "acts" required financing a home purchase to an applicant with bad credit. Also I didn't find the forcing of the lending industry to grant loans to people who could not afford to make the payments.</p><p> I didn't see where Bush ORDERED Fannie and Freddie to do anything, ORDERED banks and mortgage underwriters to lend to low income minorities that couldn't make their payments, ORDERED Sec 8 program to make mortgages to low income minorities that couldn't make their payments or ORDERED to lower the standards for qualifying for home loans to people that couldn't make their payments. I did read the word " Encourage" several times though. </p><p></p><p> If you know of published links to those I would certainly appreciate the posting of them. </p><p></p><p> After reading the links to the Zero DP Act and the DP asst act, Bush read like a hero helping people that <u>could </u>make the monthly payments on a home but couldn't rake up the initial DP and fees associated with purchasing a home. </p><p>I always thought that it was the dems that championed helping to poor and down trodden?</p></blockquote><p></p>
[QUOTE="trplnkl, post: 908128, member: 13254"] I read the links you provided, thank you for doing so. Unless I missed something, I did not see where any of the Bush passed "acts" required financing a home purchase to an applicant with bad credit. Also I didn't find the forcing of the lending industry to grant loans to people who could not afford to make the payments. I didn't see where Bush ORDERED Fannie and Freddie to do anything, ORDERED banks and mortgage underwriters to lend to low income minorities that couldn't make their payments, ORDERED Sec 8 program to make mortgages to low income minorities that couldn't make their payments or ORDERED to lower the standards for qualifying for home loans to people that couldn't make their payments. I did read the word " Encourage" several times though. If you know of published links to those I would certainly appreciate the posting of them. After reading the links to the Zero DP Act and the DP asst act, Bush read like a hero helping people that [U]could [/U]make the monthly payments on a home but couldn't rake up the initial DP and fees associated with purchasing a home. I always thought that it was the dems that championed helping to poor and down trodden? [/QUOTE]
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