2002-Government: “YOU MUST PUT MORE MINORITIES AND LMI (Low-to-Moderate Income Borrowers) IN HOMES!”
2008-Government: “WHY IN THE HELL WOULD YOU GIVE LOANS TO PEOPLE WHO CANT AFFORD THEM?”
2014-Government: “SEE 2002”
What a joke.”
Mortgage Industry Veteran Responding to my blog posting Statement #361: FHFA’s plan to increase demand for low-income mortgages from Fannie and Freddie.