article past couple years tell everyone second house bubble force american taxpayers name civil right learn first time around lend risky people good idea matter color really definition insanity thing get bad result thing money government throw toilet need federal subsidies pay apartment rent good bet afford buy new home tell obama regime pressure bank lend even section voucher recipients.in new regulatory bulletin consumer financial protection bureau warn home lenders investigate discrimination reject section vouchers valid source income low-income minorities apply mortgage agency argue underwrite policies exclude welfare payments could disparate impact minority borrowers therefore violate civil-rights laws bureau become aware one institutions exclude refuse consider income derive section hcv homeownership program mortgage loan application underwrite process three-page bulletin say explain cfpb director richard cordray consumers put disadvantage receive public assistance strap 30-year debt put disadvantage cordray snooze subprime crisis homeownership voucher program clinton-era program obama expand hud taxpayer help sec recipients make monthly mortgage payments also subsidize homeownership expense 15 years program gear toward single moms want buy first home earn least 14,500 qualify generous stipend receive social security disability insurance ssdi payments minimum income requirement requirement take free three-hour homebuyer education class prior close loan right cfpb expect lenders bank notion little financial counsel turn welfare recipients low-risk homebuyers last year agency warn lenders also face race-bias lawsuits verify income minority borrowers ssdi benefit ssdi enrollment explode obama fraud rampant program recent probe congress find doctor rubber-stamping claim program random review find one four case fail provide evidence support claim wonder mortgage lenders ask verification bury fine print new qualify mortgage rule media erroneously claim strict cfpb actually mandate payments government assistance program acceptable form income home-loan qualification stop .cfpb team justice department order big mortgage lenders country include well fargo bank america offer loan people public assistance government require post branch notice promote risky welfare acceptance policy mortgage require stable job good income well good credit avoid default foreclosures though president obama worry decline home-buying among jobless underemployed minorities set failure put home afford.another great article source backstory mess obama house card new york post july 2012cfpb also work closely justice department enhance fair lend enforcement justice pressure bank relax mortgage underwrite standards approve loan minorities poor credit part new crackdown allege discrimination court document show attorney general eric holder serve reno deputy file record number fair-lending enforcement action lenders 60 investigations active say pipeline dozens bank already settle include giants well fargo bank america prosecutions already generate 550 million rebate loan set-asides subsidies bank settle court rather battle federal government risk brand racist media lead charge holder top civil-rights cop thomas perez another clinton retread perez compare bankers klansmen argue bankers may discriminate smile fine print every bite destructive cross burn neighborhood say predatory lenders must repair damage do minority communities read ibd unreal obama admin pressure lenders loan high-risk section welfare takers