Detailed text transcripts for TV channel - MSNBC - 20100710:01:30:00
And bad for communities and our approach is meant to deter the disturbing trend toward strategic defaulting. house republicans even managed to put an amendment into the recent bill reforming the federal housing authority that would forever ban strategic defaulters from fha insured loans in the future. now, this is really important. keep this in mind. fha loans are generally in low income neighborhoods and fannie and freddie cannot hold mortgages over $729,000. what does that mean? it means the whole campaign to brow beat drowning homeowners isn't targeted at the wealthy folks that "the times" ...
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