Rick Santorum wants the government out of every aspect of help in Americans' lives – especially the housing market. He pledges to eliminate Fannie Mae and Freddie Mac, the twin government housing giants that guarantee 90 percent of all new mortgages in America. He wants to "let capitalism work" and allow the housing market to "find its bottom." Only then, he says, will the recovery begin. It's a plan that would make proud.
Yet Santorum wasn't always so opposed to government intervention in housing. In a deal that's gone unreported during his presidential run, Santorum bought his first house in 1983 with a cut-rate government-backed mortgage, according to records compiled by the campaign of Sen. Harris Wofford (D-Penn.), who Santorum defeated in 1994. He received his loan through a state program to boost homeownership among low and middle-income families. Santorum, in other words, benefited from a program whose mission mirrored that of Fannie and Freddie, the companies he now rails against and wants to dissolve (Santorum spokesman Hogan Gidley did not respond to a request for comment).
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