US unveils plan to loosen mortgage rules
To reassure mortgage lenders, govt will relax terms of its bad loans buy-back policy
New York
FOR years, politicians, housing advocates and potential homebuyers have complained that tight credit policies after the housing market crash have kept too many deserving people from qualifying for mortgages.
Now the government is taking steps that it says it hopes will allow more first-time buyers and lower and middle-income Americans to get home loans at low rates.
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