Tag Archives: Housing Advocates Push for ‘Dignity Mortgage’

Housing advocates are pushing for a new type of subprime loan, called the “Dignity Mortgage,” which would be for applicants with lower incomes or bad credit. A group of housing activists are approaching bankers and federal regulators proposing the new type of loan. But it’s not winning over too many big-name fans. American Enterprise Institute Fellow and former Fannie Mae executive Edward J. Pinto called the Dignity Mortgage proposal “a stupid and crazy idea—a poison pill… Haven’t we learned anything from the cratering of our housing finance system?” The Dignity […]