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AZJonnie

(2,510 posts)

3. On top of the risk this implies (as you suggest) due to parallels to the 2008 catastrophe

Tue Nov 11, 2025, 01:24 PM

Nov 11

It also suggests broader implications WRT why this would need to be done? Specifically it causes me (at least) to wonder just how much average credit scores are dropping as of late? And just how bad is the loan market currently, such that there's a need to increase exposure in this way? I.E. Presumably this would be done to "drum up more business" (though I concede to having little expertise on this arcane subject), so why is "business" so slow, such that this move is needed?

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W_HAMILTON BeerBarrelPolka uponit7771 mopinko snot eppur_se_muova

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Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all] uponit7771 Nov 11 OP

Here we go again... Ocelot II Nov 11 #1

I already saw the ending to this movie. Irish_Dem Nov 11 #26

Add in 50 year mortgages, and what could go wrong? Nt Fiendish Thingy Nov 11 #2

On top of the risk this implies (as you suggest) due to parallels to the 2008 catastrophe AZJonnie Nov 11 #3

We're in real trouble when they start handing out second mortgages. Johonny Nov 11 #4

Great. Another Dem POTUS will bail out banks leftstreet Nov 11 #5

Surprising we're against people with low credit scores getting considered for a mortgage. Silent Type Nov 11 #6

I had a low credit score for years and was unable to buy a home. A HERETIC I AM Nov 11 #7

"I stopped doing the things that got me the low credit score to begin with." Maru Kitteh Nov 11 #18

That's how our credit rating died, in mountains of medical debt. hunter Nov 11 #29

Um, folks about to lose their medical insurance! MerryBlooms Nov 11 #20

Unfortunately, we all pay when these mortgages go into default Totally Tunsie Nov 11 #8

To a libertarian, there's no such thing as a negative externality Prairie Gates Nov 11 #13

Because it generally means that the borrower can't afford the loan. hamsterjill Nov 11 #10

I recall one of the most infamous tricks of the time: Totally Tunsie Nov 11 #15

Surprised you're against protecting them from lenders leftstreet Nov 11 #11

The only sacred principle is that all borrowers should have the choice to be exploited Prairie Gates Nov 11 #14

All DUrs are against low credit score holders being exploited uponit7771 Nov 11 #16

If you consider someone finally getting a house exploitation. I don't. Silent Type Nov 11 #17

Someone who can't afford it getting one? Yes ! You know that already and are talking around obvious concerns... uponit7771 Nov 11 #19

620 doesn't mean you can't afford it. You deserve an evaluation. This doesn't guarantee a loan, just consideration. Silent Type Nov 11 #21

Known known, credit worthiness doesn't express affordability, don't see the point in expressing the obvious? Bottom line uponit7771 Nov 11 #23

Trump is proposing to fix serious problems with bandaids. snot Nov 11 #31

No question it's bandaids. So was $50K for a down payment. Silent Type Nov 11 #32

This is why Grants and Grant City went out of business. QueerDuck Nov 11 #9

When these people, go bankrupt or get behind in payment all these corporate companies will snap up the housing kimbutgar Nov 11 #12

That doesn't Rebl2 Nov 11 #22

Thin credit files shouldn't disqualify otherwise qualified borrowers. flvegan Nov 11 #24

Right, no credit can be worse than bad but their earning history kicks in for housing usually. I'm not trusting these .. uponit7771 Nov 11 #25

The fear that they'll qualify borrowers they shouldn't flvegan Nov 11 #27

I Felt Very Sorry For People Last Time Around OC375 Nov 11 #28

I have seen so many young people buy more redstatebluegirl Nov 11 #30