Wednesday, April 3, 2013

Obama administration pushes banks to make home loans to people with weaker credit

Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post
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. ...
Apparently learning from mistakes made in the past is no longer in vogue.