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Realtors push for lower credit standards on taxpayer-backed loans

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I’m not one for telling banks whom they can and cannot lend to — except for when those loans are guaranteed by U.S. taxpayers. The chief economist of the National Association of Realtors suggests it is time to “dial down the credit stringency” — including for loans guaranteed by the Federal Housing Administration. My AEI colleague Ed Pinto argues that this isn’t a good idea. Examining the...

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