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Here we go again: Obama administration pushes banks to make home loans to people with weaker credit
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:*Rick Grimes*:MV8yMTg5NTc2XzM3MDU0NTczXzUwNjBFMEMx] [quote:The Comedian:MV8yMTg5NTc2XzM3MDU0MTkyX0JFRUQ1NTA1] [quote:Angelic_Warrior:MV8yMTg5NTc2XzM3MDU0MDI3XzJDQjExMjc2] Does anyone have any thoughts as to who these people with weaker credit are? I have my thoughts.. and they are not good. [/quote] 'Cans. [/quote] "Quiet, Baitin." [/quote]
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Good grief, didn't these idiots learn anything from the last housing credit debacle?
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
John Taylor, president of the National Community Reinvestment Coalition, a nonprofit housing organization. “It is very difficult for people of low and moderate incomes to refinance or buy homes.”
[
link to www.washingtonpost.com
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