Sunday, September 28, 2008

Faith-Based Mortgage Payments

The Cunning Realist in Faith-Based Mortgage Payments quotes George Bush from 5 years ago in now busted Fresno, CA:

"And so we need more counseling and more education to make sure our fellow citizens know what it means to buy a home and can get comfortable with the idea of buying a home. And so we've doubled the amount of money available for community-based programs, faith-based programs -- (applause) -- to be able to brief their parishioners and/or their fellow citizens about the opportunities and the hope and what it takes to be able to purchase a home."

I also liked this from the same speech:

"But here are some of the things that we intend to do and we discussed today earlier. Sometimes people have trouble finding the down payment for a home. It makes them nervous when they hear the down payment. We need to have a down payment fund to help people with down payments if they qualify. The Congress -- the House passed my request for $200 million a year. It's stuck in the Senate. The Senate needs to act. If they're interested in closing the minority home ownership gap, they need to act on the down payment fund."

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