Jim Babcock said:
Barney is back to the favorite past time of elected libs - creating disasters for them to take full political advantage.
http://www.reuters.com/article/GCA-Housing/idUSTRE55L39120090622
Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums...
In a letter to the CEO's of both companies, Representatives Barney Frank, the chairman of the House Financial Services Committee, and Anthony Weiner warned that a 70 percent sales threshold "may be too onerous" and could lead condo buyers to shun new developments, according to the paper.
I work in the home building industry. At least in my area, condo's are on the way out. Town houses are in.
David E