Going forward, the challenge will be to encourage responsible, well-underwritten loan products for these segments of the market while banning lending activity that is unfair or deceptive.
Homeownership Past Depending on how far back you walk with the Ghost of Homeownership Past, you might reach a seemingly idyllic world where all mortgages were simple contracts made by local institutions lending for their own portfolios to consumers who could make a substantial down  BIS Review 167/2009  1  payment and had excellent credit.