ejhickey

What Causes Foreclosures?

From the article: " Barney Frank is pushing to reduce underwriting standards, again. He believes that high down payments are too onerous for people that desire to own their own home."

I remember an interview that Bloomberg did with Barney Frank in September 2008 in which he said "We encouraged too many people to buy homes and failed to recognize that some people are not culturally suited for home ownership." Barney should listed to his own advice but then listening or consistency has never been part of his personality.