Mortgage Shopping Getting Safer – Legislation Packs Regulatory Punch

A few years ago, it took little more than a smile to be a mortgage lender. There were 13,000 people writing home loans in Washington alone, but we all know the consequences of the no-doc, liar loan bust: defaults by millions of borrowers, failing banks and ultimately, the worst recession in many decades.

But the pendulum has swung the other way.

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