Take two things for certain. First, there’s never been nor ever will be a housing bubble without a corresponding bubble in mortgage credit. Second, no matter who may yap about credit being too easy (usually complainers about the federal role in mortgages), stick with the Fed’s quarterly accounting of U.S. financial flows, Z-1.
New regulations may prevent another bubble, but deprive consumers of options
Lending policies can fuel -- or avert -- housing bubbles