Housing Market is a House of Cards
I know the housing market gains a lot of attention in the economy. Recently I read an article that talked about banks want to change what constitutes a good mortgage applicant. I couldn't find the original article I read but the one linked below mentions it. It seems ridiculous to me that they want to target sub-prime borrowers to pump up the housing bubble more than it already is. How quickly people forget what happened back in 2008! What are your thoughts? Do you think banks should go away from looking at traditional FICO scores?
Submitted October 23, 2019 at 03:17PM by nheppner
via reddit https://www.reddit.com/r/economy/comments/dm45ax/housing_market_is_a_house_of_cards/?utm_source=ifttt