Two Obama holdovers are sowing the seeds for another subprime collapse
By Paul Sperry
October 14, 2017 | 11:43am | Updated
A pair of top Obama-appointed bank regulators still serving in the Trump administration could spark another mortgage meltdown by lowering credit standards and encouraging risky lending practices.
Democrat Mel Watt, who is serving a special five-year term as head of the Federal Housing Finance Agency, is pushing the mortgage-lending giants he regulates — Fannie Mae and Freddie Mac — to offer home loans to deadbeat borrowers with shaky credit, setting up conditions for another housing-market crash, industry officials warn.
http://nypost.com/2017/10/14/these-obama-appointees-could-cause-another-housing-collapse/
