Saturday, February 02, 2008

Prosecute the Former Secretary to the Commerce (Economy), Don Evans. No one else. An oppressed nation has no will of it's own.

...The greater reliance of lower-income households on government-backed loans reflects several factors. Dollar limits on the amount of FHA loan insurance or VA loan guarantees make these government-backed loans unavailable or less attractive to households seeking to buy more expensive properties. Also, the low downpayment requirements and ability to finance closing costs make FHA and VA loans particularly attractive to lower-income households and first-time homebuyers, who are likely to have fewer financial resources than other homebuyers do....