 New mortgage lending regulations |
| New mortgage lending regulations |
 Dec 18 2007, 09:36 AM
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
The Fed is going to be proposing some new regulations on mortgage lenders sometime today. I think this is a positive step forward, though I'd also like to see some initiatives for better consumer education (free workshops available for first time home buyers, that sort of thing).
http://money.cnn.com/2007/12/17/real_estat...dex.htm?cnn=yes -------------------- |
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Dec 20 2007, 09:02 AM
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
It is ironic. It also makes me mad. We agreed to not regulate mortgage lenders very heavily and let them act on their own. They got themselves into this damn mess and should fall flat on their faces. If we bail them out, will they even learn their lesson?
It's such a perversion of the free market. Let them take their damn lumps and let lenders that *didn't* go all stupid reap the rewards. This post has been edited by Spectatrix: Dec 20 2007, 09:04 AM -------------------- |
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Spectatrix New mortgage lending regulations Dec 18 2007, 09:36 AM
Hartmann QUOTE Restrict use of "liar" loans. The ... Dec 18 2007, 09:42 AM Spectatrix This, on the other hand, I don't like: Fed to ... Dec 19 2007, 12:52 PM impala454 And all because they handed out loans to people th... Dec 19 2007, 01:24 PM
GOB QUOTE (impala454 @ Dec 19 2007, 01:24 PM)... Dec 19 2007, 06:39 PM impala454 I knew someone would point that out.
My point was... Dec 20 2007, 12:47 AM impala454 The problem is, if the govt doesn't bail them ... Dec 20 2007, 09:59 AM Spectatrix Cool, lower prices for me when I buy a house a yea... Dec 20 2007, 10:54 AM Hartmann QUOTE (Spectatrix @ Dec 20 2007, 10:54 AM... Dec 20 2007, 10:59 AM impala454 QUOTE (Spectatrix @ Dec 20 2007, 10:54 AM... Dec 20 2007, 11:02 AM Spectatrix I have good credit and if my boyfriend and I buy a... Dec 20 2007, 11:03 AM Hartmann QUOTE (Spectatrix @ Dec 20 2007, 11:03 AM... Dec 20 2007, 11:04 AM Spectatrix A liability? My boyfriend and I both make good mo... Dec 20 2007, 11:28 AM Hartmann QUOTE (Spectatrix @ Dec 20 2007, 11:28 AM... Dec 20 2007, 11:41 AM Spectatrix Haha, no, we're both full-time engineers. Tho... Dec 20 2007, 11:45 AM Dogmeat I think it ought to be illegal to give people a lo... Dec 20 2007, 11:54 AM Hartmann QUOTE (Dogmeat @ Dec 20 2007, 11:54 AM) I... Dec 20 2007, 12:02 PM |
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