Relevant:
- Bernanke: Mortgage Lending an Exception to Improving Picture (No Sh-t Sherlock!)
- Consumer bureau lays out new mortgage-lending standards
- MINIMUM UNDERWRITING STANDARDS COULD PLAY MAJOR ROLE IN REFORMING SECURITIZAT
- Regulators stymie mortgage lenders again
- Consumer bureau lays out new mortgage-lending standards - The Hill's On The Money
2013-05-24 — cnn.com
``Instead of loosening standards to appease the industry, regulators should make it virtually impossible for securitizers to escape having skin in the game. The consumer bureau's lending standards are helpful, but financial accountability can be a much more powerful tool to discourage irresponsible lending. Securitization's skewed incentives transformed home ownership from the American dream to a Brothers Grimm nightmare. We need to make sure it never happens again. ''
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