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2009-06-24 Home Front: Politix

Bawney Fwank at it again. asks Freddie & Fannie to relax Condo loan rules

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Posted by GolfBravoUSMC 2009-06-24 13:37|| || Front Page|| [2 views ] Top

#1 Where's tha help for First-Time home buyers? I do qualify for the 8 grand tax credit but not the 5 grand "Grant". I actually work, pay taxes, and have a good credit score so I don't qualify to have the tax credit put toward the down-payment. Same reason for not getting the "Grant". Try getting someone to finance a condominium.

Posted by Deacon Blues 2009-06-24 14:53|| 2009-06-24 14:53|| Front Page Top

#2 Plain idiocy. Lower requirements on both borrowers and developers is what created the housing bubble in the first place.

Not everyone can buy a home. Live with it.

Posted by Steve White 2009-06-24 15:27|| 2009-06-24 15:27|| Front Page Top

#3 "'Cause, yannow, it worked so well the first time."

Posted by mojo 2009-06-24 15:43|| 2009-06-24 15:43|| Front Page Top

#4 I'm looking and looking and still don't see "You have a right to own a home" in the Constitution.

Posted by tu3031 2009-06-24 16:27|| 2009-06-24 16:27|| Front Page Top

where one owner has more than 10 percent of units

Wonderful. How about a townhouse development with fewer than ten units? Like, oh, say, the one I just made a mortgage application on?

Posted by Mitch H.">Mitch H. 2009-06-24 16:34|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2009-06-24 16:34|| Front Page Top

#6 So Bawney is trolling for votes from the low income again. Does this guy never learn? He never took credit for his part in the U.S. financial debacle the first time. Please Massachusetts do the country a favor and don't re-elect him again. Is there some kind of Iran vote-counting thing going on in Massachusetts that he keeps getting re-elected?

Posted by JohnQC 2009-06-24 17:17|| 2009-06-24 17:17|| Front Page Top

#7 Inflating Credit ONLY inflates the income to price ratio of housing.

It doesn't do jack sh1t for affordability.

Posted by Bright Pebbles 2009-06-24 19:27|| 2009-06-24 19:27|| Front Page Top

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