“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
