Is it time for more regulation for mortgage banks?

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I think the federal government needs to start coming down with stricter regulations for mortgage banks. I think they are playing too many games with tricky lending practices, all in hopes of getting business. Too many people out there are going to get really screwed as rates go up. :pissed:

Too many 100% loans, variable loans, and so on. Do the banks not fear massive foreclosures?

Do you think they need more regulation??