Abusive loans that strip their equity or cause them to lose their homes must not be tolerated. Protecting borrowers with responsible underwriting standards also protects the integrity and proper functioning of the mortgage market by increasing investor confidence Effective consumer protection produces a complementary benefit for consumers by making more capital available to meet their needs.
Mike Boit, a former Olympic 800 meters winner, once said, “When I returned home to Kenya, they actually respected me more for my ability to catch the impala than for having brought the Olympic medal.” The idea of someone running barefoot to catch a wild impala seems impossible. The Kenyan runners make the impossible possible.