Encouraging less skin in the game wouldn’t have proved to be a healthy thing. While much of the country is still struggling to return to pre-crash valuations, there are bubbles. California, DC, others. California law makes it especially prone to boom and bust, mortgage holders can just turn in the keys and walk away, the contract is legally regarded as fulfilled via return of the secured asset. Making it cheaper and easier to have a mortgage with minimal down payment increases the risk of default. What seems “helpful” to potential homeowners on the one hand has proved harmful to them on the other, when property values fall precipitously.
Yes. How many major financial crises does it take for Americans to learn that tilting the scales towards people unqualified to own a home adds big risks to the economy and tends to trigger recessions?
Trump is going to put the nation a strong financial footing. This and other smart business is why the stock market is climbing.