Federal Housing Finance Agency Unveils Plan to Loosen Mortgage Rules
2014 Oct 20, 5:56am 1,404 views 6 comments
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3
Heraclitusstudent
2014 Oct 20, 9:24am
Heraclitusstudent
2014 Oct 20, 9:24am
The credit whores are in control. There will never be enough credit to satisfy them.
6
anonymous
2014 Oct 20, 3:07pm
not sure this is gonna do much to help. there are plenty of shitty places to buy without needing a 97% loan; there are plenty of great places to buy where a 97% loan is still irrelevant due to DTI limits.
its a feudalism problem.
http://www.nytimes.com/2014/10/21/business/economy/federal-housing-finance-agency-unveils-plan-to-loosen-mortgage-rules.html
"A federal housing regulator on Monday announced a plan that could ease tight credit and allow more people to qualify for mortgages in an attempt to put the nation’s housing market back on track."
Just in time for a new generation of idiots to hold the bag.
#housing