Alabama housing stimulus | Fox10tv.com

Alabama housing stimulus | Fox10tv.com: "MOBILE, Ala. - Buying a home these days is difficult. You're credit score better be high, and a big down payment is a must. Alabama State Senator Lowell Barron told FOX10 News, 'Today companies are just not buying mortgages. Banks are not loaning.'

Senator Barron is sponsoring a bill that he says will help ease the mortgage crunch. It would create a mortgage guarantee fund to give lenders an incentive to loan. Tuesday the bill passed the Senate unanimously."