Fannie Mae Introduces HomeReady, a Low-income Mortgage Targeting High-Risk Immigrants
We’ve seen this movie before, and it doesn’t end well.
As Reagan once said, “The nine most terrifying words in the English language are: I’m from the government and I’m here to help.” They’re about to destroy our real estate industry again….
With little fanfare, the White House is rolling out a new low-income mortgage program that lets lenders qualify borrowers by counting income from non-borrowers living under the same roof. What could possibly go wrong? Continue reading