As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

Posted on August 20, 2019 9:03 am

Original feed source click here


By Lubomir Tassev

The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new subprime mortgage crisis could be in the making, given the current state of the residential property market.

Another Trump Card Pulled Out

Upcoming elections have a strong influence over politicians which makes ‘end justifies the means’ decisions irresistible. President Trump’s second term