“In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. “
NY Times, 30 de Setembro de 1999
Via 31 da Armada.
Claro que entretanto muitas pessoas de baixos rendimentos devem ter conseguido comprar casa, o que não aconteceria não fora estas pressões da administração Clinton. Não convém, contudo, culpar o mercado pelas consequências das intervenções políticas de que o primeiro é alvo.
Farmácia Central 