Gov't to stop supporting subprime.

Fannie Mae and Freddie Mac will no longer be allowed to use subprime mortgages and second-lien loans to meet government-mandated goals for helping low-income Americans buy homes, according to proposals by their regulator.

Where's Barney Frank. He must stop this. Lawrence Yun must put out an economic press release about how much harm this will do to our fragile housing recovery. The National Association of Home Builders must react as well. I'm sure Maxine Waters will stand up for the brokers as well.

This is a joke that you are upset by this, right? These alternate loan types are the reason we're in this mess. Get rid of 'em all. 20% down and fixed-rate mortgages should be the requirement for everyone. Bloated housing prices need to continue to deflate until we get back to sanity!

Tongue in cheek, laced with sarchasm. Of course Fannie & Freddie should not be buying this crap. But look at the pressure Maxine Waters, Barney Frank, and interests such as the Real Estate and Home Builders apply to do just that.

I like how Barney Frank, front and center at CREATING the mess, and said "Fannie is fine" when asked to fix in 3 years ago, is supposed to be the one to fix it now.

Your such an idiot. if Barney Frank created this mess, that would make him the most powerful Cngressman in history... he would be more powerful than the entire Senate and Supreme Court combined. No congressman has enough power to be at the center of ANYTHING. Nobody in D.C. even gives a damn about congressmen. They are second class citizens zompared to the Senate. That's why Senators usually have their calls returned sooner than Congressmen do.

What adds insult to injury is that Barney boy pretends he was never pro home ownership.