Can you introduce a collection of underwriting standards to have regulated depository establishments to own finance they could carry-in their profile?
My issues is actually this. You to definitely, are the regulators able to create underwriting requirements? A lot of you select on your testimony problems that you find given that an indication away from what you would believe predatory credit.
Second, can you pertain such as for example underwriting requirements so you’re able to mortgage-supported bonds hence institutions you are going to carry in their collection to possess purposes off fulfilling the loan decide to try they may need to have?
Every authorities?I didn’t rating the opportunity to glance at the Fed’s testimony?indicated up on at least basic feedback, you do not get a hold of good preponderance of ”predatory loans” from the portfolios of your institutions which you manage
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