Mortgage giants, such as Fannie Mae and Freddie Mac, are now being directed to give more credit to homeowners.
This is a change of pace in a post-crisis world.
"In the coming weeks, six agencies will finalize new rules for mortgages that are packaged into securities by private investors. The rules largely abandon previous proposals to require larger down payments on mortgages in certain types of mortgage-backed securities. That’s prompted critics to worry that regulators, in loosening the reins, could be opening the way for another boom and bust," according to Nick Timiraos and Deborah Solomon.
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