thanks for that
the question is would raising the per centage mean you couldn’t also regulate F&f?
In other words just raising the amount they underwrote isn’t saying, give out more shaky loans.
Of course the Feds are to blame
and it was chickenshit of the GOP to not want the give Dems the race card to use
Sure, but the goal was to increase the purchase of shaky loans.
(from the article: "Cuomo's predecessor, Henry Cisneros, did that for the first time in December 1995, taking a cautious approach and moving the GSEs toward a requirement that 42 percent of their mortgages serve low- and moderate-income families. Cuomo raised that number to 50 percent and dramatically hiked GSE mandates to buy mortgages in underserved neighborhoods and for the "very-low-income." "
Those were the same goals that Bush increased.
If you really want some good info on this go to "Ol' Dan Tucker's" page to see his links and info.
It's a real eye opener.