Frankly, I saw this coming under Slick Willie. Welfare "reform," the effective end of post-depression era regulations limiting banks' risk taking, a "recommendation" to use FICO scores (FICO is a private company with NO accountability) as a basis for mortgage loan decisions and on and on.
FICO's income exploded after the 1995 GSE credit score recommendation. By 1999 many mortgage lenders had abandoned traditional underwriting guidelines in favor of "FICO based lending" greasing the skids that lead us to the mortgage meltdown of 2008.
Here in North Carolina, the Dems have gone beyond doing nothing and lesser-evil fundraising. They are actively harassing those who signed the Green Party's ballopt petition. Ugly details here: HELP NC GREENS STAY ON THE BALLOT: Donate to Our Ballot Access Defense Fund! https://www.ncgreenparty.org/ballot-access-fund
Frankly, I saw this coming under Slick Willie. Welfare "reform," the effective end of post-depression era regulations limiting banks' risk taking, a "recommendation" to use FICO scores (FICO is a private company with NO accountability) as a basis for mortgage loan decisions and on and on.
FICO's income exploded after the 1995 GSE credit score recommendation. By 1999 many mortgage lenders had abandoned traditional underwriting guidelines in favor of "FICO based lending" greasing the skids that lead us to the mortgage meltdown of 2008.
Here in North Carolina, the Dems have gone beyond doing nothing and lesser-evil fundraising. They are actively harassing those who signed the Green Party's ballopt petition. Ugly details here: HELP NC GREENS STAY ON THE BALLOT: Donate to Our Ballot Access Defense Fund! https://www.ncgreenparty.org/ballot-access-fund