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Coalition warns Trump mortgage credit shifts could spark another 2008-style crash

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1 week ago

FIRST ON FOX: A coalition of advocacy groups is urging the Trump administration’s housing regulator to proceed cautiously with changes to mortgage credit score rules, warning they could increase the risk of another taxpayer-funded housing bailout.In a letter to Bill Pulte, director of the Federal Housing Finance Agency, the 35 groups laid out three points to address as the Trump administration works to make homes more affordable nationwide.The administration’s plan to let lenders choose between traditional and new credit score models must be handled carefully. The group warned that poorly desi...

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1 week ago
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