Following the Consumer Financial Protection Bureau’s stop-work order, some worry reduced consumer protections may lead to conditions resembling those that enabled the 2008 financial crisis, but lenders and bankers are more tightly regulated than they used to be. Laurie Goodman, a housing finance expert at the Urban Institute, tells CNN home loan standards have improved since the crisis. According to Goodman, home loans requiring little-to-no proof of income were common before 2008, but today, “a ‘no doc’ loan would be extremely foreign.”   

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