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McClatchy Washington Bureau Print This Article Print This Article ...In an effort to promote affordable home ownership for minorities and rural whites, the Department of Housing and Urban Development set targets for Fannie and Freddie in 1992 to purchase low-income loans for sale into the secondary ... |
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Planting Seeds of Disaster ACORN, Barack Obama, and the Democratic ...In early 1994, the Clinton administration floated plans for committing $1 trillion in loans to low- and moderate-income home-buyers, which would amount to about half of Fannie Mae’s business by the end of the decade. ... |
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The Obama-Ayers-ACORN-Bailout ConnectionIn 1990, Talbott also forced the first hearing under the CRA, claiming the Bell Savings & Loan Association should be denied a request to expand because they failed to meet the CRA lending guidelines for low-income people. ... |
THE BIG LIE EXPOSED: Big banks ignored sub-prime troublesAlthough most borrowers had not utilised their greater borrowing capacity, the analysis found “recent low-income home buyers do appear to have taken on relatively larger loans”. The median mortgage debt servicing ratio - the proportion ... |
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