http://www.mortgageguide101.com/blogs/blog/archive/2007/02/07/106071.aspxA Reuters article quotes U.S. Senator Christopher Dodd, who says mortgage lending practices are "out of balance", and that borrowers in the subprime market need to be protected. Subprime mortgages are loans that are available to those with lower creditenCommunityServer 2.1 SP2 (Build: 61129.2)http://www.mortgageguide101.com/blogs/blog/archive/2007/02/07/106071.aspx#106188Fri, 09 Feb 2007 01:43:17 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:106188Mortgage Guide 101 BlogApparently, there are about 1 million homes sitting on the market in the US right now. In an article...http://www.mortgageguide101.com/blogs/blog/archive/2007/02/07/106071.aspx#107026Thu, 15 Feb 2007 22:31:09 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:107026Ron ReevesCongress should allow market forces to dictate rates.  There is PLENTY of disclosure in the mortgage industry and sufficient regulation to protect consumers.http://www.mortgageguide101.com/blogs/blog/archive/2007/02/07/106071.aspx#107032Fri, 16 Feb 2007 00:41:51 GMTafa0456e-4f8f-497f-8a0b-02eabd1b1d28:107032MichaelI'd have to disagree. The "free market" is not necessarily "benevolent". Those who have a vested interest (all puns intended) in the "selling" of loans are more likely to talk a prospective borrower into a larger loan, and not a smaller one. This doesn't necessarily do the borrower a favour. This process is a subtle pressure, and isn't going to be corrected by regulation; but let's not kid ourselves that there is PLENTY of disclosure in the mortgage industry, or even that all lenders always follow the rules perfectly. Perhaps lenders follow the letter of the law, but not necessarily the spirit of the law.