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Where the housing boom came from...

by: Ormond Otvos

Mon Jan 18, 2010 at 17:43:53 PM EST


2004 letter to Bush asking for more "innovative" financing for low-income housing. Is this the cause of the housing boom? And eventual bust?

"We also ask you to support our efforts to push the GSEs to do more affordable housing. Specifically, join us in advocating for more innovative loan products and programs for people who desire to buy manufactured housing, similar products to preserve as affordable and rehabilitate aging affordable housing, and more meaningful GSE affordable housing goals from HUD."

http://financialservices.house...

Ormond Otvos :: Where the housing boom came from...
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