http://www.forbes.com/2007/11/07/congress-subprime-mortgages-biz-wash-cx_bw_1107mortgage.html
WASHINGTON, D.C. - Roughly a year into the subprime mortgage crisis and months after credit markets took a turn for the terrible, the House Financial Services Committee approved a bill late Tuesday increasing government oversight of lenders.
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the bill has a dark side: It could prevent people who would normally qualify for mortgages from getting one.
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Desmond Lachman, a fellow at the American Enterprise Institute in Washington has another, simpler, solution: Just require mortgage originators to be sufficiently capitalized and to hold at least a portion of the mortgage until maturity.
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