Obama Is Pushing Banks To Make More Home Loans To Borrowers With Poor Credit

by Brett LoGiurato
Business Insider

The Obama administration is readying a push to get banks to make more home loans available to individuals with weaker credit, The Washington Post’s Zach Goldfarb reports.

It’s a push that walks a tightrope, since it is expected to help boost the continuing economic recovery immediately but risks opening up the shaky lending that led to the housing crash. Obama’s plan would provide for more lending to individuals such as young people buying their first homes, as well as people whose credit has been damaged by the recession.

More details from Goldfarb:

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