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Jim C
April 29, 2009, 5:50pm
I believe this bill has passed the house panel and should be up for a vote. Many views on the issue of regulation. I believe limitations via laws to protect consumers from steering attempts and from loans that could not possible be successfully repaid need kept off the market. The market failed to underwrite appropriately and are also fighting to assure the bad lending instruments fail and cannot be revised. Prevention over cure, but the cure needs applied to remove the poorly underwritten loans.
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Jim C
April 29, 2009, 5:50pmI believe this bill has passed the house panel and should be up for a vote. Many views on the issue of regulation. I believe limitations via laws to protect consumers from steering attempts and from loans that could not possible be successfully repaid need kept off the market. The market failed to underwrite appropriately and are also fighting to assure the bad lending instruments fail and cannot be revised. Prevention over cure, but the cure needs applied to remove the poorly underwritten loans.