[politicket]

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

Absolutely unbelievable.

I feel like I'm in the twilight zone.

Are these people INSANE??

Don't answer that - it was a rhetorical question.

[politicket]

Whew! I just checked the date of the article again. I about had a heart attack!!

[penelopesire]

So....are you ready to concede that this is largely the fault of democrat hacks now? (grin)

On another note..this was an interesting bit in the article:

“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. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.”

Wonder what the final percentage was last week when it went broke? 70-85% perhaps? Does anyone know?