Bring back no doc loans but require 25% down and good credit. Had they done that orginally with those liar loans we would not be in this mess now.
The lenders were forced to make the bad loans or face federal lawsuits forever. If you are looking for someone to blame, Democratic controlled Congress, Barney Frank and Chris Dodd’s Affordable Housing Act, Jimmy Carter’s Community Redevelopment Act, and Janet Reno’s threat to investigate and punish the lenders for discrimination against minorities and “redlining” ........