Changes

On June 5 1995, Clinton and Cisneros<ref>Cisneros, along with DNC Chairman Christopher Dodd and cabinet Secretary Donna Shalala, was implicated in the Countrywide Mortgage lending scandal for receiving special favors and treatment while in office.</ref> unveiled one hundred things the Clinton administration planned to do to "increase home ownership to two-thirds of the population"<ref> ''My Life'', Bill Clinton, Knopf, 2004, p. 658; [http://confoundedinterest.files.wordpress.com/2013/01/nhsdream2.pdf The National Homeownership Strategy,] U.S. Department of Housing and Urban Development, MAY 1995. </ref> in the United States.

On June 5 1995, Clinton and Cisneros<ref>Cisneros, along with DNC Chairman Christopher Dodd and cabinet Secretary Donna Shalala, was implicated in the Countrywide Mortgage lending scandal for receiving special favors and treatment while in office.</ref> unveiled one hundred things the Clinton administration planned to do to "increase home ownership to two-thirds of the population"<ref> ''My Life'', Bill Clinton, Knopf, 2004, p. 658; [http://confoundedinterest.files.wordpress.com/2013/01/nhsdream2.pdf The National Homeownership Strategy,] U.S. Department of Housing and Urban Development, MAY 1995. </ref> in the United States.

Clinton's plan spoke approvingly of a "no-down payment 100 Percent Mortgage Financing Program" used by one of the "Strategy partners".<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-7.</ref> Where down payments could not be eliminated, the plan advocated use of "a second, unsecured, interest-free loan to cover the down payment and other costs."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-14, 4-17.</ref> The administration praised Fannie Mae and Freddie Mac for their efforts to promote lending flexibility: "In recent years many mortgagees have increased underwriting flexibility. This increased flexibility is due, at least in part to … liberalized affordable housing underwriting criteria established by secondary market investors such as Fannie Mae and Freddie Mac."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-13</ref> To illustrate the desirable flexibility the Strategy cited a Connecticut program that "allows for nontraditional employment histories, employment histories with gaps, short-term employment, and frequent job changes."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-14.</ref>

Clinton's plan spoke approvingly of a "no-down payment 100 Percent Mortgage Financing Program" used by one of the "Strategy partners".<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-7.</ref> Where down payments could not be eliminated, the plan advocated use of "a second, unsecured, interest-free loan to cover the down payment and other costs."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-14, 4-17.</ref> The administration praised Fannie Mae and Freddie Mac for their efforts to promote lending flexibility: "In recent years many mortgagees have increased underwriting flexibility. This increased flexibility is due, at least in part to … [[liberal]]ized affordable housing underwriting criteria established by secondary market investors such as Fannie Mae and Freddie Mac."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-13</ref> To illustrate the desirable flexibility the Strategy cited a Connecticut program that "allows for nontraditional employment histories, employment histories with gaps, short-term employment, and frequent job changes."<ref>National Homeownership Strategy, US Dept. of Housing and Urban Development, pp. 4-14.</ref>

=== Budget and tax increases ===

=== Budget and tax increases ===