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NYT 1999: Fannie Mae Eases Credit To Aid Mortgage Lending
The New York Times
| 1999
| By STEVEN A. HOLMES
Posted on 09/20/2008 4:12:48 PM PDT by Jim Robinson
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To: Jim Robinson
The chickens came home to roost.
2
posted on
09/20/2008 4:15:52 PM PDT
by
neodad
(USS Vincennes (CG 49) "Freedom's Fortress")
To: Rodger Schultz
To: Jim Robinson
Yep......
"And if you don't like this" said Fanny and the Congressional Black Caucus, "you must be racist".
And so it was................
4
posted on
09/20/2008 4:17:00 PM PDT
by
Cold Heat
(Well....................................That's .....that.........)
To: Jim Robinson
The answer was NEVER to give ANYBODY a mortgage for ANY AMOUNT with NO MONEY DOWN.
5
posted on
09/20/2008 4:17:10 PM PDT
by
wagglebee
("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
To: Jim Robinson
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers
The smoking gun. The Clinton administration was behind this fiasco.
6
posted on
09/20/2008 4:17:10 PM PDT
by
Signalman
To: neodad
This was during Clinton’s “reign”
To: Jim Robinson
This tells it all.
8
posted on
09/20/2008 4:17:36 PM PDT
by
stripes1776
("That if gold rust, what hall iron do?" --Chaucer .)
To: Jim Robinson
9
posted on
09/20/2008 4:18:31 PM PDT
by
nmh
(Intelligent people recognize Intelligent Design (God).)
To: All
To: Jim Robinson
Sir, don’t you understand that it is a God given right under our evolving and elastic Constitution that every US resident, including illegal aliens, have a right to finance, with no provable income and no money down, two bedroom condos for $650,000?
11
posted on
09/20/2008 4:18:45 PM PDT
by
Chet 99
To: Jim Robinson
"The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants." Clinton/Cuomo conspired to sue the member banks if they didn't comply, and invented "redlining" - this was the beginning.
Keep in mind, Andrew Cuomo is now New York's Attorney General...
12
posted on
09/20/2008 4:19:17 PM PDT
by
xcamel
(Conservatives start smart, and get rich, liberals start rich, and get stupid.)
To: Jim Robinson
To: Jim Robinson
Reading this was almost eerie, sort of like precognition. The exhuberance of the reportage was clear as if this reduction in standards should have happened years before.
McCain co-sponsored a bill in ‘05 to address problems that he forsaw. Democrats blocked it. Get the word out there.
14
posted on
09/20/2008 4:20:07 PM PDT
by
downtownconservative
(Intelligence sans reason is vainglorious pulp)
To: Jim Robinson
15
posted on
09/20/2008 4:20:30 PM PDT
by
McGruff
To: Jim Robinson
Yeah, baby! Good find. The truth shall set you free!
16
posted on
09/20/2008 4:20:59 PM PDT
by
Obadiah
(I remember when the climate never changed, then Bush stole the election.)
To: Jim Robinson
To: Jim Robinson
18
posted on
09/20/2008 4:21:53 PM PDT
by
Earthdweller
(Socialism makes you feel better about oppressing people.....)
To: Chet 99
Two bedrooms? You’re selling yourself short. Three at least for any decent home. Master, kids, office
19
posted on
09/20/2008 4:23:05 PM PDT
by
Domandred
(McWhathisname / Palin - 2008)
To: Jim Robinson
With the internet, it is much harder for the libtards to get away with their lies! Good find.
20
posted on
09/20/2008 4:23:16 PM PDT
by
dynachrome
(Henry Bowman is right)
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