A 'Big Mistake' Is Made (The New York Sun)
Story date: 2008-07-28 08:57:36
Added on: 2008-07-28 21:00:13
Thwarting a request from the Federal Housing Administration, Congress, in its housing bill, will not allow the agency to charge higher rates to borrowers with lower credit scores. In other words, borrowers with weak or little credit history will receive loan insurance at the same terms as people who have decent credit scores, a policy that is doomed to distort the marketplace and undermine the ...
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