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

Posted on August 20, 2019 9:03 am
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URL https://www.activistpost.com/2019/08/as-us-expands-subprime-mortgage-program-is-a-new-crisis-looming.html 

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.

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