Banks should definitely make home loans to people with weaker credit. People with weaker credit need a roof over their heads just as people with excellent credit do. A lot of people with weaker credit are working families who work long hours for little pay. Banks should offer them longer term loans that make the monthly payments more affordable, and that would create a win/win situation.
Giving loans to people who cannot afford them is the reason why the 2008 crisis occurred. It was NOT Bush's fault. HAving weak credit means that the person cannot be relied on to pay back his or her loan on time or in full. When the governments jumps in and mandates loans (LIBERALS) the economy goes to crap like in did in '08.
While I do not think banks should give loans to people with weaker credits, I do think they should make gaining and keeping credit up a little bit easier. The way credit works right now is complicated for new adults and is difficult for them to start getting the process going so they can buy homes and cars in the future.
Banks should not be giving home loans to people with weaker credit. Last time this happened there were a bunch of foreclosures which resulted in the economy going into a great recession. It is not a fundamental right to own a home and therefore it should be reserved for people who are responsible enough to have good credit.
This is a silly question. Of course banks shouldn't make home loans to people with weaker credit. People with weaker credit will not have a stronger chance of repayment as someone who has a good and viable credit rating. If the banks want a deal that will work, they should most certainly make home loans to people with good credit.