Thursday, May 20, 2010
"Democrats Reject 5% Down Payment Rule"
I guess our elected officials will never learn.
It really is time for most of them to be voted out...
It really is time for most of them to be voted out...
Ed Carson recently wrote about this at Investors.com:
"The Senate today rejected a proposal by Sen. Bob Corker, R-Tenn., to impose a minimum 5% down payment for virtually all home mortgages. The amendment to the broader financial regulatory overhaul bill, which failed 42-57, would have required income verification and an assessment of borrowers’ ability to repay as well."
