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10% down payments or larger if your credit score drops below 580, actually below 620 you start having more impact. john: so if your credit score is really low you're a bad risk. people used to pay 20%. >> in most cases low credit score means bad risk, in most cases. john: so why have the taxpayer lend the money? >> the problem is if you're the mayor of a city, how are you going to get schoolteachers police officers firefighters to work this those communities if they're going to be never able to buy a home? john: maybe they'll borrow from their parents, share with other people. people used to b...

To the lack of fundling for new home construction and the lack of the ability for consumers to get home loans without huge down payments. my question do you today is what will you do to protect americans rights own their own homes and restore the housing industry that is critical to our economy? >> well, thank you members. let me see how much i enjoy charleston. this is one of the most beautiful cities in the world. it is great to be with you today. your question about housing is a question people are concerned about. sometimes they look and say can g government do something to help. i would l...

Income due to the lack of funding for new home construction, and the lack of the ability for consumers to get home loans without huge down payments. so my question to you today is what will you do to protect americans rights to own their own homes and to restore the housing industry that is so critical to our economy? >> well, thank you, and first, let me say how much i enjoy being in charleston. i'm sure glad that mike made this event here in charleston one of the most beautiful cities in the world. it's great to be with you today and your questions about housing is a question that people acr...

Closings will be the big issue of next year. >> greta: it used to be the federal government could inspire us. the thrill of possibly going to the moon which we did. exciting, thrilling. how we get these unfulfilled promises. take the stimulus bill last february we were told it would bring us down to 8%. we are hovering around 9.5 that's a generous number it doesn't take into account the people so uninspired they've left the market. mms not doing its job so we've got the oil spill. there's nothing we see in the news, maybe it is the news that shows anything that inspires anybody to think this f...