Current Events — HabitableZone

Current Events » in reply to Housing crisis in a nutshell

Filling in holes.

I'm sure there was a president in between Carter and Clinton. Name escapes me.
Those "blockers" who stymied McCain...in a Republican controlled House and a Republican controlled Senate and a republican President.
Those wascally Democwats!

Note no mention of Phil Gramm, only that devious Clinton.

Please point out the specifics parts of non-predatory lending legislation, or the CRA that require mortgage companies to:
A) Pay no heed to real appraisal values and appraise the house at exactly what the mortgage is for
B) Sell no-doc loans
C) do away with historical standards of making a maximum mortgage of 2 to 3 times salary.

Be specific.
I'll wait.

Log in or register to post.

The whole thread (29 posts)