- Joined
- Jul 1, 2011
- Messages
- 67,218
- Reaction score
- 28,530
- Location
- Lower Hudson Valley, NY
- Gender
- Male
- Political Leaning
- Independent
Not just "pressured to say yes", but paid to say yes. Once Fannie and Freddie began their mission to enable these loans by buying them up, if you didn't make it, then your competitor did. You lost the sale and commission, on a loan where you essentially had no risk.
Fannie and Freddie didn't make that decision; Congress did with encouragement from bush* and the republicans in congress
USATODAY.com - Bush seeks to increase minority homeownership