We have specifically sought comment on this provision and look forward to perspectives offered by the industry and consumer groups. Income verification When we looked closely at why so many borrowers had mortgages that they struggled to repay so soon after taking out the loan, the prevalence of "stated-income" lending was a clear culprit.
Many of these firms have experienced sharp declines in actual and anticipated profits, and the values of their equities have dropped. Business fixed investment has always been cyclical, of course. When the economy is speeding up, businesses typically respond by boosting their expansion plans, and the resulting increment to the desired capital stock leads to a burst of investment spending.