I smell a rat.
Indeed you do!!!
What ever the new monster is they will still want it making foolish loans to people who shouldn’t be buying houses.
Fannie and Freddie by relaxing down payment standards and rasing the limits on their loans became a dominate factor in the market..both for the amount of loans and the upward price of starter and middle class homes..and they are still doing it. They are trying to prop up home prices with easy terms, high loan limits and low interest loans. We already have a big subsidy for realestate by allowing interest deduction.