Malanga: Feds Re-Impose Loan Standards They Undermined

by Benjamin Domenech on 1:07 am February 19, 2009

Steven Malanga examines the real problem with the housing plan. New mortgages are now being issued only under exceptionally stringent underwriting standards. The market has far overcorrected for the excesses of the bubble years, and adding new regulations to control new issuance doesn’t change reality.

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