|
| The wheels of change had been worsening underwriting for these loans for a long time. Clinton administration with their affordable housing goals and mandates. Search Senators Dodd, Frank, Reid's involvement in early to mid 2000's. Utter deceit that these same men put their names on the bill to later tighten regs. Dishonest men.
To quote Mr. Reid from 2005 when others were starting to raise concerns with GSE loan standards, "We cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process."
Loans are NOT a human right and Mr. Reid is stupid at best.
Edited by reformedbanker 12/28/2025 16:13
| |
|
How money is created
