Elizabeth Duke is on the Board of Governors for the Federal Reserve and I think she hit the nail on the head……
Fed’s Duke Outlines New Mortgage Market : HousingWire || financial news for the mortgage market
“Some would argue that most of the really risky behavior is now out of the market,” Duke said. “But, unfortunately, the backlash has restricted a lot of perfectly responsible lending as well. Banks are reluctant to put any but the lowest possible risk loans in their portfolios.”
