Tougher loan guidelines wise for borrowers

Perspective: Better underwriting offers benefits to consumers

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Inman Connect New York | January 29 - February 1, 2019

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.