Letters to the Editor
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The flip side of the coin
There are good arguments to be made that the mortgage industry needs tighter regulation - at a minimum, more disclosure requirements.
But be prepared for the chorus of howls that will occur should more stringent regulation come to pass. There will be plenty of people who simply won't qualify for a more traditional loan because of bad credit, insufficient income, etc. Then there will be a lot of handwringing about home ownership is outside the reach of many, and how unfair that is.
Those of you arguing for more regulation can't have it both ways. More regulation will likely equal more conservative lending, meaning that many people with less than stellar financial histories will be shut out. That won't sit well given that Americans seem to think they have some sort of right not just to be home owners, but to own as big a house as they want.