Question by  foodmonster (25)

What was the issues concerning Clinton, the changes in the mortgage laws, and his use of the guest house to rent out to secret service and friends?

I know that there was a lot of controversy concerning Clinton and the way mortgages are handled today.


Answer by  mtown934 (733)

Bill Clinton changed a lot of things in office, not the least of which is his dealing with mortgages. He made it easier for minorities to get mortgages for home-ownership.


Answer by  patti (29325)

Clinton tried to continue what Roosevelt and Johnson had attempted to do: socialize America. At Clinton's director, Janet Reno threatened mortgage lenders who initially refused to make sub-prime loans. He did not rent a guesthouse. He "sold" the Lincoln Bedroom for campaign donations. He expanded welfare programs, which keep the poor poor and guarantee votes for Democrats.


Answer by  bitchstewie (489)

Apparently Clinton signed a bill that encouraged lenders to issue loans to low income people with the purpose of increasing home ownership. This contributed to the housing and mortgage bubble.


Answer by  oldmom (716)

Changes in mortgage laws had little to do with Clinton. Deregulation of the industry by Congress since the Reagan years was basic problem. No guest house was rented out, although the Clinton's did invite friends and large contributors to stay as guests in the White House in the Lincoln bedroom.

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