I thought that relaxed lending rules lead to the current housing trouble. Well, Barney Frank is at it again....
"Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said."
Here's a link to the article...and another copy of the best video about Barney Frank!
http://www.reuters.com/article/GCA-Housing/idUSTRE55L39120090622
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