State of Lending: Mortgages Chapter

Even with the recent decline in house prices, owning a home can bestow more financial and non-financial benefits than any other single asset. This means more economic mobility and financial security for families, and stronger communities too. In the past several years, risky lending and a fractured regulatory environmen, sparked the foreclosure crisis and economic meltdown. New mortgage reforms in the Dodd-Frank Act and efforts of the Consumer Financial Protection Bureau and state regulators will help ensure this disaster does not reoccur. There remains a strong need to prevent more foreclosures and preserve access to credit.
CRL – Mortgage Lending

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