Pretty much everyone (including CAAMP) agrees on two things: It’s in no one’s long-term interest to lower lending standards or juice the housing market to a point where default risk (now at a 2-year low) becomes an immediate threat.
The concern, says CAAMP, is that “reduced access to capital (through additional rule making) will make it more difficult for people who can legitimately afford to buy a home.”
Rob McLister, CMT
Like news like this?
Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime.
Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.