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Pimp that loan U.S. style. There was a regime change, January 2014, at the Federal Housing Finance Agency where Ed DeMarco (higher credit scores required for Fannie & Freddie insurance) was replaced with Mel Watt (reduce F&F requirements) that will keep the tax payer goosing itself in the housing market. Apparently the housing "recovery" isn't. The mortgage lobby loves credit risk when the co-signer is the tax payer. More at www.chpc.biz