Cooling Housing Market Prompts Closer Scrutiny of Some Lenders

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A U.S. government entity that insures bonds backed by mortgages made to people with limited resources worries about risks from nonbank lenders

 

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So the 'good mortgages' are not bundled and sold....just saying.

They should have thought about this before instituting the program. Govt: too little too late because no cost control sales profit motive

Making loans to “people with limited resources”, and then bundling them into securities...now what could possibly go wrong with that idea?

Haven’t we seen this before?

What could go wrong?

Kinda like the Clinton administration did. Everyone should be entitled to own a home so they loosened regulations for banks. I got to name my own price how much my house was worth when I had it refinanced. The lending company didn’t even do an appraisal. Year 1994. Bill Clinton.

Why this photo make me. Thing of phontigallo's charity starts at home 😂🔥💪🏋

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