Dan Immergluck on Washington Post blog

On the Washington Post blog The Hearing, Dan Immergluck, author of Foreclosed: High-Risk Lending, Deregulation, and the Undermining of America’s Mortgage Market, weighed in on possible paths to a more sensible mortgage lending landscape. He closes his argument by saying:

“For well over a year now, numerous commentators have suggested that stronger regulation of mortgage markets is somehow inevitable. Those who have witnessed mortgage lending regulatory debates over the past two to three decades know better. There are immense bureaucratic and special interest forces that will attempt to block meaningful reform. Unfortunately, minor tweaks will do little to prevent the next mortgage crisis. Given the stakes involved, it is important that any redesign of this regulatory system begin with some basic principles aimed at fundamentally reorienting the nature of the policy debate in this arena.”

Read the whole thing here: Making Financial Regulation Work: Overseeing Lending

Dan Immergluck on Washington Post blog