The LFB

Low Rates, Big Problems

The debate about whether or not these policies are going into effect is moot-because they are.

What if mortgage rates are brought down, but loans are then made to credit worthy borrowers who have a down payment?

I think we run the risk here of going from on extreme to the other-credit was far too easy too obtain before and the risk now is that it will become far to difficult to obtain.

Whatever happened to proper underwriting standards?

We need to get housing going again, but not to where it was in the bubble. Increasing the affordability, combined with rational lending standards, is the approach which should be taken now.