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Message: <blockquote data-quote="804brown" data-source="post: 890435" data-attributes="member: 29553"><p>Actually it started in 1977.  It was revised numerous times over the years.  The newer revisions only mandated that poorer folks should not be rejected because of where they live.  It did not mandate that everyone who applies get approved.  That was the bankers and brokers who allowed some people who were not qualified to get loans.  They didnt care because those unsafe loans were then securitized and bunched together with other loans.   Stop blaming just the govt here.  It was the banking industry that lobbied to revise these laws and make it easier to loan more money.  Our problem is our govt is too easily bought by big business!!</p></blockquote><p></p>