Toddsterpatriot
Diamond Member
Nah, Dubya only forced GSE's to buy $440 billion and upped their goals from 50% to 56% and got rid of Clinton's 2000 rule that didn't allow F/F to count subprimes in those same goals
BUT
"The idea that they were leading this charge is just absurd, said Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. Fannie and Freddie have always had the tightest underwriting on earth & They were opposite of subprime.";
OVER 50% OF LOANS IN 2004 COULDN'T QUALIFY FOR F/F BACKING, THEY WERE NOT DOCUMENTED INCOMES.
Nah, Dubya only forced GSE's to buy $440 billion and upped their goals from 50% to 56%
Right, Clinton only forced the GSEs to make 50% of their mortgage purchases subprime mortgages.
DURR