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Homewreckers
Homewreckers | Aaron Glantz
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damon_hays
Homewreckers | Aaron Glantz

Once again (after Trump‘s Dodd-Frank rollback), hundreds of financial institutions are now allowed to avoid the basic standard we are taught is at the center of prudent lending: that banks verify borrowers‘ ability to pay back their mortgage loans. The law also loosened the standards on the types of terms banks could offer on a mortgage—potentially bringing back toxic loan products and elevated foreclosure rates.

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