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Does the U.S. need stricter rules for mortgage lending?

  • Yes, mortgage lending practices are too lenient.

    Lending practices before the financial crisis were too lenient. Loans were given to people who could not repay them. Now, those borrowers are working with mortgage services to lower their payments while simultaneously being placed in foreclosure. Stricter rules can prevent the mess we have now from happening again. They will also allow banks to start making loans to those who can afford them since there is lesser chance of the banks being sued.

  • Yes, the US needs stricter rules for mortgage lending

    Yes, the US needs stricter rules for mortgage lending. The housing bubble was caused directly by unfair lending practices of banks, looking to make more money on interest. Such a business plan works great for a while, until the bank continues to lend mortgages to people who really ought not to have a mortgage at the time, all because the banker drools over the idea of bigger interest rates, even if the person asking for a mortgage can't afford one at all. When all those people have their homes foreclosed, the banks have a bunch of property that they can't afford to keep and maintain to sell again.

  • Yes, the united states needs much stricter rules for mortgage lending.

    Mortgage lending in the United States has become a lottery of sorts played by the rich on the backs of those with the most to lose. The government's main purpose is to protect its citizens, and it is the view of this writer that this protection extends to internal economic shenanigans as well as foreign military threats.

  • No stricter rules!

    I don't know about other locations, but where I live the rules are already strict enough for mortgage lending. You either need superb credit or a large collateral, which most people don't have. Making the rules even more strict would make it impossible for the average person to ever buy a house.

  • No stricter rules!

    I don't know about other locations, but where I live the rules are already strict enough for mortgage lending. You either need superb credit or a large collateral, which most people don't have. Making the rules even more strict would make it impossible for the average person to ever buy a house.


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