Financial Cliff Notes

A recent study done by the American Financial Services Association and the Center for Statistical Research examined the effects of legislation to potentially deny credit to millions of Americans. You can read a release about the study here or view the actual study here. I’d go with the release because it’s 2 pages long and the study is 28 pages long. Or if you want the really really really abridged version stay right here.

Foreclosures on subprime up.
FHA loans up.
Foreclosures bad.
But not terrible.
Keep giving credit.
To those who need it.

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