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The contributors to the Consumer Law & Policy blog are lawyers and law professors who practice, teach, or write about consumer law and policy. The blog is hosted by Public Citizen Litigation Group, but the views expressed here are solely those of the individual contributors (and don't necessarily reflect the views of institutions with which they are affiliated). To view the blog's policies, please click here.

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Wednesday, April 25, 2007

Comments

Bob

Mortgage loans (and the like) should only be given to those who can repay. Today's credit crisis is an obvious illustration of that.

Brian

Great post. We need to hear more from you!

Ted Frank

My trackback doesn't seem to have taken, but I have responded at Point of Law.

http://www.pointoflaw.com/archives/003819.php

Mahlon

I agree with you that brokers, appraisers and even originating lenders may still have incentive to make loans which are not proper, but I think you miss the point. Although I did not read the article, I'm sure what he says is that lenders originating for their own portfolios, and the secondary market which is purchasing loans, will impose more stringent requirement on those up-stream from them. In essence, the flow of money to the "front-line" people will not be as open as it has in the past.

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