You would think people in government would learn eventually...Obama administration
Obama administration pushes banks to make home loans to people with weaker credit
Quote:
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.
President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is
leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.
https://www.washingtonpost.com/busin...8893&tid=ss_fb
Quote:
In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
No. No more NET taxpayer backed programs.
