cy (cychan) wrote,
cy
cychan

Solution to mortgage crisis: looser lending standards!

I kid you not:
James Lockhart, the head of [the Federal Housing Finance Agency], suggested Tuesday that mortgage finance companies Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market.
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