[Crooked Constituent]

Terrible idea. The lender gets huge profit and no risk. You think home sales are slow now? Institute these changes and nothing will sell. Longer term loans are a better idea than this.

[Larry Lucido]

I beg to differ. The price will adjust and homes will sell at that price. It’s basic economics.

What isn’t basic economics is artificial stimulation or government regulation. Remove those, and prices will find their correct level.

[ladyjane]

Terrible idea. The lender gets huge profit and no risk.

Are you sure you are on the right website? Do you want the taxpayers bailing out Fannie Mae indefinitely? Do you want to continue the 'liar loans' indefinitely?

[hinckley buzzard]

Back in the day, when bankers had a few shreds of integrity left, basically these very guidelines were followed voluntarily. The housing market did just fine when people had to save up 20% before they bought, and live within their means. No problem.

The problem is, every idiot out there in his twenties who thinks he is entitled to buy the house his parents worked and saved for years for, without earning enough money to pay for it.