This does not sound good. The reason our economy tanked is because the Dems tried to make home ownership an entitlement.
This sounds like more government meddling and creation of policies that are not consistent with sound business procedures.
The same ol' same ol' for the last 50 years or so...
More news to think about...
REVIEW & OUTLOOK
JANUARY 27, 2012
The Loan Quota Rule
HUD tries to pre-empt the Supreme Court on loan discrimination.
For the latest example of regulatory overreach, look no further than the Department of Housing and Urban Development, which is pushing through a rule to support racial loan quotas a few months before the Supreme Court will rule on whether that’s legal. The Obama Administration’s “fair housing” agenda, apparently, just can’t wait.
At issue is the 1968 Fair Housing Act, which prohibits discrimination “because of race, color, religion, sex, handicap, familial status, or national origin” (our italics). The language clearly implies an intent to discriminate. But courts have brushed the pesky text aside over the years, citing ...
http://online.wsj.com/article/SB10001424052970204616504577171092486999610.html?mod=googlenews_wsj