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house Bill H.R. 1210

Creating a Safe Harbor for Mortgage Lenders that Keep Loans on Their Balance Sheets

Argument in favor

Protecting mortgage lenders from lawsuits under circumstances where they hold the mortgage on their books for the life of the loan rather than selling it will make it easier for mortgage loans to be originated.

James's Opinion
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06/11/2016
Securitising allows for risk to be safely distributed instead of concentrated. We should not subsidize practices that lead to more instability and risk in the system.
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SherryTX's Opinion
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11/21/2015
This is fine except they should also be able to offer lower rates and the definition of risk needs to be modified for those with limited, but not negative credit.
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11/19/2015
Marinating the life of the mortgage would preclude shifting faulty loans onto other corporations where they default, leaving big corporations holding the bag.
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Argument opposed

Mortgage lenders should be able to be sued even if they’re holding the loans they make on their own books rather than selling them.

John's Opinion
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11/19/2015
NO NO NO. There is no justification for allowing a lender to grant a loan to someone who is not qualified for the loan. This type of BS is the reason for the Collapse in 2008. If they fail, those loans will have to be taken by the US taxpayer and that is not acceptable.
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Patrick's Opinion
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01/31/2017
Don't create the same regulatory environment that caused the 2008 Financial Crisis.
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Josh's Opinion
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11/19/2015
If a company does something to get sued, then there shouldn't be any law preventing their wrong doing if that be the case
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