Comment Detail
Date: 05/03/23 First Name: Caroline Last Name: Kim Organization: N/A City: N/A State: N/A Attachment: N/A Number: RIN-2590-AB29 Comment
Have YOU learned nothing from the debacle that happened in the Great Financial Crisis?!? That sad time was fueled by allowing for loans to those with poor cash flow and lack of good credit. Good to excellent credit is earned as are the ability to become a home-owner.
For Shame: looks like the FHFA is not fulfilling one of it own core values: FAIRNESS"We value varied perspectives and thoughts and treat others with impartiality."
Your intended rule change is not only NOT FAIR, it is impractical, unreasonable, and will destabilize the housing market.
FHFA's regulation change should not be postponed, but removed completely and immediately!