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Mitt Romney Wanted To Loosen Housing Requirements, Guarantee More Loans

In a piece yesterday about Mitt Romney’s relatively activist approach to housing as Massachusetts Governor. Here’s another video of Romney, in Florida in January of 2008, calling for increasing loan guarantees and for having the FHA relax requirements. Those moves, in earlier years, had been linked to the housing crisis — but by 2008, they were widely seen as a unfreeze the credit markets. [This description has been updated.]

“One is help for the housing market by loosening and relaxing some of the requirements of the FHA programs so that more loans can be guaranteed and more people can stay in their homes without having them foreclosed.” youtube.com

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Andrew Kaczynski is a political reporter for BuzzFeed News and is based in New York.
Contact Andrew Kaczynski at andrew.kaczynski@buzzfeed.com
 
 
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