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A standoff within the industry about loosening lending standards
October 23, 2014
Though in recent weeks federal agencies have been discussing loosening regulations so lenders can provide more mortgages, The New York Times reports that many mortgage lenders want still more slack.
But some housing specialists, such as Thomas J. Adams of mortgage security law firm Paykin, Krieg & Adams, argue that bankers should “make better loans” instead of expressing how “it’s been too harsh on them to buy back loans.” He adds: “The overwhelming evidence is that they are not very good at their business.”
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