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The White House wants to make it easier for people with poor credit to get a mortgage.
The Obama administration says that will help fuel the economy by making more homes available.
To a wider -- suppliers.
But critics think it will encourage them risky lending habits that led to the housing market crash in 2000.
You have to understand this is really important that the Consumer Financial Protection Bureau -- drop a line in the stand with debt to income ratio -- and if any lender has more than 5%.
Delinquent he would.
They get their lights and pulled.
Administration officials say too many people have been left out of the housing recovery.
And this new push will start encouraging banks to land to a wider range of borrowers.
According to the plan these riskier home loans will be backed by tax dollars that will ensure those mortgages against default.
When I was growing up everybody knew -- -- home economics you knew that you didn't -- -- house cost more than two and a half times your annual income that's common knowledge.
Those things seem to be being lost and we have to get back to then get back to a sense of personal responsibility.
Banks have been more cautious about lending since the recession but President Obama now wants them to use more subjective judgment.
Flynt offering -- to look riskier borrower who may have been hurt by the economic downturn.
Whether his proposal will help or hurt the American economy.
Log on a foxbusiness.com.
For more on this story in New York -- -- here.
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