Alphonso Jackson Quotes


One of the problems that we are confronted with is, when we decide to buy or build a home, we don't get a clear picture of what closing costs will be of that home.


Citations

Jackson, Alphonso. Interview by Brian Lamb. Q&A, C-SPAN, 6 Aug. 2006.

Related Quotes

This quotation shows how the government has been encouraging home ownership for years. In 1936, a 20 year fixed interest mortgage was considered a great step forward in providing mortgages for average Americans. As was only a 20 percent down payment in cash. Consider her use of the word “safe”. The New Deal in many ways was conservative—certainly much more so than the banking and home mortgage industries of the early years of the millennium. Mrs. Roosevelt would not consider a down payment of less than 20% safe for the family of safe for the mortgage lender. In the meltdown of 2008, there were many mortgages being written for Zero down payment.


Alphonso Jackson
Alphonso Jackson
  • Born: September 9, 1945
  • Nationality: American
  • Profession: Public Servant

Alphonso R. Jackson served as the 13th United States Secretary of Housing and Urban Development (HUD). He was nominated by President George W. Bush on January 28, 2004 and confirmed by the Senate on March 31, 2004. Jackson announced his resignation on March 31, 2008.