[EVO X]

My sense of it was meddling by fed gov forcing lenders to make loans they knew to be risky and to unqualified borrowers. The Community Reinvestment Act of the 90s, brought forward.

My memory is a bit fragmented after 15 years, but I don't recall the government forcing lenders to make NINJA loans..

[CommieCutter]

It’s been a long time since I looked into this too. I do remember there was a requirement/ forced incentive for banks to make these loans.