Navigation

AP IMPACT: US diluted loan rules before crash

Search

2008-12-01yahoo.com

"The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents."


Bookmark and Share


Comments: Be the first to add a comment

add a comment | go to forum thread




Mortgages Blog DirectoryFinance blogs Mortgage Lender Implodes and News Finance Blogs - Blog Catalog Blog Directory