white house press release, outlining george bush's plan to increase freddie and fannie share of the mortgages issued to low income minorities by $440 billion :

Fact Sheet: President Bush Calls for Expanding Opportunities to Homeownership

June 17, 2002

Fact Sheet: President Bush Calls for Expanding Opportunities to Homeownership


Today's Presidential Action

President Bush has a comprehensive agenda to help increase the number of minority homeowners by at least 5.5 million before the end of the decade.

The President also believes that government alone can't close America's homeownership gap. It is critical that our government challenge the private sector to take concrete steps to tear down the barriers to homeownership that face minority families. The President is issuing "America's Homeownership Challenge" to the real estate and mortgage finance industries to join in his effort to increase the number of minority homeowners by 5.5 million families by the end of the decade. Many organizations have already responded to the President's challenge by committing to:

# Substantially increase by at least $440 billion, the financial commitment made by the government sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market
maladroit Reviewed by maladroit on . Fannie Mae Freddie Mac Barack Obama & John McCain http://www.youtube.com/watch?v=3QBRIsCkGQ0&feature=iv&annotation_id=event_311253 http://www.youtube.com/watch?v=-bLFPjLaXPM&NR=1 http://www.youtube.com/watch?v=9nU3fNh-PRk&feature=related Have a good one!:s4: Rating: 5