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<blockquote data-quote="moreluck" data-source="post: 870669" data-attributes="member: 1246">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, &quot;Passage of such a requirement would restrict home ownership to only those who can afford it.&quot;&nbsp;&nbsp;&nbsp;&nbsp;I really can&#039;t add anything to this other than to say Duh .&nbsp;</blockquote>

[QUOTE="moreluck, post: 870669, member: 1246"] [B][COLOR=blue][FONT="Tahoma"]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."[/FONT][/COLOR][/B][FONT="Tahoma"][/FONT] [FONT="Tahoma"] [/FONT] [FONT="Tahoma"] [/FONT] [FONT="Tahoma"] [/FONT] [FONT="Tahoma"] [/FONT] [B][COLOR=black][FONT="Tahoma"]I really can't add anything to this other[/FONT][/COLOR][/B][B][COLOR=#1F497D][FONT="Tahoma"] [/FONT][/COLOR][/B][B][COLOR=black][FONT="Tahoma"]than to say Duh .[/FONT][/COLOR][/B][FONT="Tahoma"][/FONT] [FONT="Tahoma"] [/FONT] [COLOR=black][FONT="Arial"] [/FONT][/COLOR][FONT="Tahoma"][/FONT] [/QUOTE]

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