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MBA Chairman: It’s time for the penalty phase to end

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Mortgage Professional America | 21 Oct 2014, 08:14 AM Agree 0
MBA officials challenge regulators to put an end to the “relentless cycle of penalties.”
  • Griff | | 21 Oct 2014, 07:34 PM Agree 0
    I don't know what any of that means. Put a stop to lending to the reckless and make mortgages available to qualified borrowers. A qualified buyer does not have a 550 credit score but this seems just the type of business many are supporting. Someone buying a home should have to demonstrate they can pay for it and that they are creditworthy. Sloppy bank underwriting and bank offerings caused a housing collapse. Now that business has slowed, they want to give everyone money again. And, oh, btw, stop suing the banks. Malarkey, keep suing them, but send someone to jail while you are at it. Tired of hearing bankers whine about being regulated. Try being a mortgage broker.
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