[CaptainAmiigaf]

Could this possibly mean that borrowers who have NO chance in hell of being able to pay off the mortgage will no longer obtain said mortgages?
Wasn’t that free-wheeling “creative” lending the basic cause of the mortgage implosion?

[Wolfie]

Ah, but its’ FReeper form to bitch and moan about “those” people who got mortgages they couldn’t afford, and also bitch and moan when rules are put into place to try to prevent that.

[TomGuy]

Could this possibly mean that borrowers who have NO chance in hell of being able to pay off the mortgage will no longer obtain said mortgages?

No more 125% of the loan value loans? O the huge manatee. What will illegals do, who cashed those in and fled out of the country? This could be massively unfair to future illegals. And Obama keeps talking about fair share and such!

[/s]

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This whole housing loan situation has been such a fiasco for the last 20 years that it is jokes that keep writing themselves -- thanks to incompetent and insane politicians who keep getting elected and re-elected.

[Rusty0604]

Does this apply to minorities? When banks follow credit worthy rules they get sued by DOJ because minorities don’t get as many loans.