Biden’s new dilemma: How to slash housing costs for low-income borrowers POLITICO 8 hrs ago By Katy O Donnell © AP Photo/Nam Y. Huh A lot for sale sign stands along side a housing lot in Des Plaines, Ill. on March 21, 2021.
WASHINGTON President Joe Biden’s move to fire the top U.S. mortgage regulator is triggering calls from fellow Democrats to use the agency to expand access to loans for lower-income people, who have struggled to buy homes since the financial crisis.
That’s setting up a clash with Republicans over how far the government should go in shaping an industry that makes up one-fifth of the U.S. economy.
Biden s new dilemma: How to slash housing costs for low-income borrowers
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