I’ve been wondering the same thing. THe only thing I can come up with is that they’re looking at credit records for a lot more than making loans these days - like getting a job or an apartment.
I have a better idea.
How about giving the money to those of us who put 20%+ down on a house that was within reason of our income in the form of shares in a REIT. The REIT in turn can go out a purchase the distressed properties and give the current owners an opportunity to “rent-to-own” within 5 years. Whatever profit is made accrues to the REIT investors, the people who made the smart decisions in the first place.
I resent getting charged for others criminality.