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Marcia Fudge Resigns: Black Leaders React To HUD Chief Retiring

Marcia Fudge Resigns: Black Leaders React To HUD Chief Retiring

Detailed text transcripts for TV channel - FOXNEWS - 20111117:10:14:00

efforts of. not a bad thing for an honest, hard-working person to have some help finding a mortgage. that s not a bad thing. no. where fannie and freddie went wrong in the late 19 0s, the clinton administration launched a homeowner initiative where their goal was to redirect the efforts of fannie and freddie. at low income people. the criticism was. people would have trouble paying the bills. too much middle income. andrew cuomo the secretary of hud told them waive your down payment requirements. don t require money down. don t require income verification. and subsidize interest rate. bill: give them the mortgage and if they get in trouble help them with it that s why they build up, build up. it wasn t a question of helping them with it give it to them for basically nothing down. if he they fall behind in the interest payments, the inflation and the value of the home will take care of it they can always tell it and make a profit and move on. it was never designed for a st

Detailed text transcripts for TV channel - FOXNEWS - 20111117:01:14:00

efforts of. not a bad thing for an honest, hard-working person to have some help finding a mortgage. that s not a bad thing. no. where fannie and freddie went wrong in the late 19 0s, the clinton administration launched a homeowner initiative where their goal was to redirect the efforts of fannie and freddie. at low income people. the criticism was. people would have trouble paying the bills. too much middle income. andrew cuomo the secretary of hud told them waive your down payment requirements. don t require money down. don t require income verification. and subsidize interest rate. bill: give them the mortgage and if they get in trouble help them with it that s why they build up, build up. it wasn t a question of helping them with it give it to them for basically nothing down. if he they fall behind in the interest payments, the inflation and the value of the home will take care of it they can always tell it and make a profit and move on. it was never designed for a st

Detailed text transcripts for TV channel - FOXNEWS - 20111117:04:14:00

efforts of. not a bad thing for an honest, hard-working person to have some help finding a mortgage. that s not a bad thing. no. where fannie and freddie went wrong in the late 19 0s, the clinton administration launched a homeowner initiative where their goal was to redirect the efforts of fannie and freddie. at low income people. the criticism was. people would have trouble paying the bills. too much middle income. andrew cuomo the secretary of hud told them waive your down payment requirements. don t require money down. don t require income verification. and subsidize interest rate. bill: give them the mortgage and if they get in trouble help them with it that s why they build up, build up. it wasn t a question of helping them with it give it to them for basically nothing down. if he they fall behind in the interest payments, the inflation and the value of the home will take care of it they can always tell it and make a profit and move on. it was never designed for a st

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