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Do low-income families deserve homes?

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Mortgage Professional America | 29 Apr 2015, 02:57 AM Agree 0
Is it time to lower credit standards and open up home ownership to more? Or is that what got the industry in trouble to begin with?
  • Aaron | | 29 Apr 2015, 07:05 AM Agree 0
    Low income and credit standards are separate. The recession was fueled by lowering the income verification and credit... This causes shaky borrowers to default and leveraged investors to bail - cards fall. Credit standards can be lowered if we keep the income history and verification in place... Shaky borrowers hurt everyone.
  • Dominick Sammarone | | 29 Apr 2015, 09:03 AM Agree 0
    Do low-income families deserve homes? ABSOLUTELY! Everyone deserves a home.
    They're called apartments.

    Stop trying to "push" a mortgage or real estate sale on everyone who breathes. We went through that phase in the U.S. already and it failed miserably.
  • Carl hoelscher | | 29 Apr 2015, 10:53 AM Agree 0
    We are talking about two separate issues. What got us in trouble was allowing people to qualify for mortgages that required more than 30% of their income to support. Also allowing mortgages that were 125% of appraised value.
  • | | 29 Apr 2015, 03:14 PM Agree 0
    Is this seriously a question? Where is your conscience?
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