Solution to mortgage crisis: looser lending standards!
I kid you not:
James Lockhart, the head of [the Federal Housing Finance Agency], suggested Tuesday that mortgage finance companies Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market.
James Lockhart, the head of [the Federal Housing Finance Agency], suggested Tuesday that mortgage finance companies Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market.