I was wondering if anyone from CT would be willing to verify with Senator Dodd's office the following information regarding his congressional testimony recently. His office website has a statement stating they don't respond to out-of-state email.
Has been found to be erroneous based on Snopes verification:
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained,
"passage of such a requirement would restrict home ownership to only those who can afford it."
It seems incredulous that anyone would make such a statement in light of the financial debacle that these federal policies has brought about.
Has been found to be erroneous based on Snopes verification:
In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained,
"passage of such a requirement would restrict home ownership to only those who can afford it."
It seems incredulous that anyone would make such a statement in light of the financial debacle that these federal policies has brought about.
Last edited: