Juan Benavidez
Member
- Joined
- Aug 24, 2006
- Professional Status
- General Public
- State
- Texas
Back in 1977 or thereabouts, I recall that there used to be a mortgage program where the government would pay for either the principal on the mortgage or the interest, I forget which, for low income people, but it helped a lot of people to buy homes that otherwise could not afford to purchase one. Maybe if we still had that kind of program, we would not have the subprime mess today. Does anybody know why it was discontinued?