Unfortunately the housing market will remain in government control for years to come and another real estate crisis will inevitably occur.
Post Tagged with: "GSEs"
February 17, 2011 06:58
Housing policy blamed for collapse
Beginning in 1992, with the imposition of affordable housing requirements on the GSEs, mortgage underwriting standards began to erode. HUD caused this erosion by raising the affordable housing goals through the Clinton and Bush administrations, until more than half of all loans the GSEs had to buy were required to be made to borrowers at or below the median income where they lived.
September 28, 2010 16:20
Building the next subprime crisis
President Obama and Democrats in Congress haven’t moved to stop subprime lending — they’ve just taken it over.
