Obama administration pushes banks to make home loans to people with weaker credit

Is this for real? Forcing banks to lend to people with weak credit?
Wasn't this the cause of the financial melt down we had in 2008?

Obama administration pushes banks to make home loans to people with weaker credit

By Zachary A. Goldfarb, Published: April 2 The Washington Post

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

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