[I cannot think of a name]

“would have required income verification and an assessment of borrowers’ ability to repay as well.”

I thought NOT doing that was what got is into the current mess. The idea that is still not required is crazy, and the fact that Congress would reject the requirement is criminal!

[gogogodzilla]

Congress got us into this mess by dictating that banks had to lend to those that couldn’t afford it...

...and you think the solution should be for Congress to dictate more of how banks should be run?!?

[Bruinator]

I am in the loan process now, and income verification, money down, and even to the point of requiring 6mos P/I in the bank are the minimum requirements placed on me. That is on top of the down money, closing costs and insurance. So I am not sure which banks are just giving away money, but BofA isn’t.