Writing in nationalmortgagenews.com, Brad Finklestein refutes the notion advanced by opponents that affordable housing caused the mortgage crisis. Borrowers in all income groups ran into problems, although those of more modest means got hit the hardest and likely have had a harder time recovering. But as MHProNews understands, the bottom line is that many borrowers were put into inappropriate mortgage products, as bad actors in the industry were more interested in income than doing things correctly. Unfortunately, Finklestein says affordable housing is preventing the secondary mortgage market from moving forward in Congress, while it is that very sustainable, affordable housing that is so needed. ##

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