Mortgage Market

What is the target for the mortgage market? The constant blather is that the market needs to open up. But the paper and TV ads are still hawking mortgages and the no longer daily mail still contains offers. The difference is that borrowers apparently have to be qualified to obtain a loan. Banks are providing mortgages but are forcing people to make downpayments, prove their income and other similar restrictions. Our legislators apparently do not consider this open enough and want the return to requiring borrowers to be able to fog a mirror. More trouble awaits.