"According to consumer research conducted by Fannie Mae, the primary barrier to homeownership for first-time home buyers is saving money for the down payment and closing costs." This is the first sentence on a fact sheet published by FNMA to promote the 97% LTV mortgage. So if you are too lazy or stupid or undisciplined to save enough money for a down payment, FNMA will help you make the biggest financial commitment of your life, for which you are completely unprepared and unqualified.
This entire proposition is being backstopped by none other than YOUR FEDERAL TAX DOLLARS.
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