ITEM: “Regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the housing finance system, a top Treasury official said on Friday,” reported Reuters for June 24.
ITEM: “The Obama administration is ‘seriously considering’ a proposal by bank regulators that could cause mortgage rates to rise on all but the safest home loans, a Treasury Department official is set to say Friday,” reported Dow Jones on June 24.
CORRECTION: The same folks who brought you the managed housing economy that tanked want to continue to serve as the mismanagement.
Click here to read the entire article.
Photo: AP Images