Relevant:
- Mortgage Overhaul Begins With Borrower Scrutiny Measure
- Foreclosure echo
- Washington may finally take up mortgage reform
- Of Course Borrowers are Paying for Higher Lending Costs - Did Our Gov't Think Lenders Would? (Plus: CFPB Can't Tell Arse From Hole in the Ground)
- CFPB Readies New Mortgage Rules as Banks Seek More Time
2007-11-06 — efinancedirectory.com
"With defaults at record levels, people have begun to question why underwriting standards became so lax during the housing boom. The answer is relatively simple: mortgage lenders were looking at the bottom line, not the borrower."
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