No mortgage insurance requirement, no income information, no stress test. Just 2008 on steroids

by BoatSurfer600

• Citi plans to expand a program that aims to eliminate key barriers to homeownership in diverse communities, particularly with regard to cost and affordability.
• The firm is also launching two new pilots aimed at giving more credit access to people with limited or no credit information, as well as providing access to capital to small businesses owners in Los Angeles.
• The moves are part of a legacy focus on financial inclusion and racial equity, one executive says.

Source: www.cnbc.com/2022/09/09/citi-expands-program-to-increase-homeownership-in-diverse-communities.html