Exposing Our Fannie Again

From this morning’s Wall Street Journal:

Fannie Mae wants to make it easier for working-class and multigenerational households to get a mortgage.

The mortgage-finance company said Tuesday it would roll out a program this year that lets lenders include income from nonborrowers within a household, such as extended-family members, toward qualifying for a loan.

The move is expected to open up mortgage access to a segment of the population that doesn’t fit the typical family structure and has had trouble obtaining mortgages.

What could possibly go wrong?


Books to read from Power Line