40 Freddie Mac and Fannie Mae are lowering credit requirements for mortgages to reach subprime borrowers. Are they trying to duplicate 2008? (notthebee.com) posted 177 days ago by BerlinWallCrosser 177 days ago by BerlinWallCrosser +40 / -0 Hoo boy: Freddie Mac and Fannie Mae are lowering credit requirements for mortgages to reach subprime borrowers Remember when the whole banking system almost crashed when Bill Clinton's sub-prime mortgage disaster caught up to us in 2008? 4 comments share 4 comments share save hide report block hide replies
"The Big Short" 2.0
To answer your question... "yes".
I don't want to promote the credit system in any way, because frankly it's a fake measure to steal even more money.
Having said that, they are of course going to use it to bilk more money from whichever side they can
Instead, how about lowering mortgage rates so that people who can actually make their payments can buy a house? Oh, that's right, I forgot you need a Fed Chairman with a brain to lower rates.