US EditionPublished • loading... • Updated
[Opinion] EDITORIAL: Lower housing prices, not loan standards
Fannie Mae and Freddie Mac lowered credit score requirements to help more potential homebuyers access loans amid record-high home prices, aiming to maintain steady mortgage funding.
Summary by Pahrump Valley Times
3 Articles
3 Articles
American opinion: Lower housing prices, not loan standards
Philosopher George Santayana once famously observed, “Those who cannot remember the past are condemned to repeat it.” Unfortunately, our nation’s collective memory doesn’t seem to even extend back two decades. Last month, Fannie Mae dropped the requirement that borrowers have a minimum credit score of 620. Freddie Mac had made a similar change earlier in the year. A credit score measures a person’s likelihood of paying back a loan. While it isn’…
If you read the financial industry's statements, you might get the impression that low housing prices are a common occurrence...
Coverage Details
Total News Sources3
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
