Industry NewsOpinion

Tougher loan guidelines wise for borrowers

Perspective: Better underwriting offers benefits to consumers
Published on Jan 29, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The federal government has stepped into a battle between banks and borrowers and for once, the government is on the right track: New stricter loan guidelines should be applied not just to interest-only and payment-option adjustable-rate mortgages, but also to an entire category of esoteric and extremely complicated loan products.

Comments