03 Dec 08 What if the Bush Admin Responded to the Mortgage Crisis?
According to an AP investigation of regulatory documents: In 2005, faced with ominous signs the housing market was in jeopardy, bank regulators proposed new guidelines for banks writing risky home loans. FHA loan programs seem to have attempted to provide financing with bailout bad credit mortgage refinancing like the FHASecure Refinance and the Hope for Homeowners, but if mortgage lenders like Countrywide, Chase, and WAMU tweak the guidelines beyond the level where the average distressed homeowner would qualify, then what is the point. Read the article > Bush Admin Too Slow to React to Mortgage Crisis
