Fed plans new rules to protect future homebuyers »
Posted by: SunnyDays 2 months agoThe Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
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normallysilent2 months ago
Oh, now that the banks have given out loans to all those which couldn't afford to pay them back and have had to foreclose on 30% of the homes out there, now we are going to make it even more difficult for someone to get back into one of them.
That sounds like a very wise thing to do? Does this seem a little bass ackwards to anyone else?
I would think that this is the situation where creative ways should be found to get people back into some of those homes.
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