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Freddie Homeownership Preservation FAA DOC Department of the Treasury  Form

Freddie Homeownership Preservation FAA DOC Department of the Treasury Form

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I'm Matt fredman of the Associated Press the mortgage crisis and the government takeover of mortgage Giants Fanny May and Freddy Mack is partly due to the fact that a lot of loans were given to people who really couldn't afford them John Taylor of the national Community reinvestment Coalition says those types of loans are still legal we haven't made it illegal yet ironically this Congress and this president has still not passed legislation to prohibit the kind of lending activities that got us into this mess well we're going to fix that we're going to get people elected to office and get people we're going to get Mr McCain or Mr Obama to commit to making sure that we have a law that outlawed these practices and protect consumers from this kind of predatory and uous kind of lending what changed is the willingness of the lender regardless of your income regardless of your credit worthiness regardless of how big a house you wanted to buy the

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