Specifically, hearing participants will discuss concerns about prepayment penalties, escrows for taxes and insurance, "stated-income" loans, and lenders' standards for determining that consumers can afford to make the scheduled payments. Some of these concerns may call for more effective disclosures. However, we will also seriously consider whether there are mortgage lending practices that should be prohibited under HOEPA.
With its asset purchase program, the ECB wants to regain control over its balance sheet: we will decide how much base money we will inject in the system. Have previous measures failed? Monetary policy has had a big impact on the economy.