By Robert Robb, columnist | azcentral.com
(Editor’s note: Opinion pieces are posted only for purposes of discussion.)
How badly does the federal government have to screw up before the politicians reach the conclusion that there is no useful role for it in the housing market?
It’s hard to think of a greater screw up than the housing bubble of the last decade. It led to what is described as the worst economic period since the Great Depression, at least by those who don’t remember the 1970s.
One of the main causes of the housing bubble and burst was a deterioration of underwriting standards, the criteria that must be met to get a mortgage. And federal policies were one of the major drivers of that deterioration.
