OH YEAH< BLAME PRESIDENT BUSH FOR THIS MESS. YOUR LEAVING OUT ONE IMPOTANT THING. BUSH DID NOT INCOURAGE PEOPLE WHO COULDN'T AFFORD TO BUY HOMES, THAT WAS CLINTONS
The 1992 GSE Act is premised upon the belief that, while the GSEs cannot force mortgage originators to increase their lending in underserved markets, they can and should provide the necessary leadership to spur this outcome. Although the performance of the GSEs appears to have improved somewhat over the past two years, the bar still needs to be lifted further to ensure that they fulfill their public mandate. UNDER PRESSURE FROM THE DEMOCRATIC MAJORITY, FANNIE AND FREDDIE WERE ENCOURAGED TO INCREASE THESE LOANS EACH AND EVERY YEAR. The central question posed by the Democratic majority is: what is the appro priate extent to which Fannie Mae and Freddie Mac should be leading the housing finance industry to increase its lending to underserved segments of our population and minority communities? The GSEs contend they are already doing this, but Democrats suggest they can do much, much better.









Discuss