However, it is critical to carefully craft such laws or rules to ensure that they do not inappropriately reduce credit availability in the mortgage market, to the detriment of consumers. The Mortgage Reform and Anti-Predatory Lending Act of 2007 would hold securitizers and loan purchasers ("assignees") liable for the actions of mortgage originators.
The securitization market is critical to increasing the resources available to fund home purchases and great care should be taken to ensure that investors in the securitization market can quickly and accurately assess and mitigate the risks, including the compliance risks, of mortgages sold in this market.