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Home » Talk of Suitability Standard Heats Up at Hearing
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Talk of Suitability Standard Heats Up at Hearing

June 16, 2006
Is a suitability standard for loan originators needed in order to ensure that borrowers aren’t victimized when they receive alternative mortgage products? Some advocacy groups think so, and they are pressing their case aggressively with federal policymakers. The idea of suitability isn’t new. Financial advisors such as stockbrokers already operate under such a system, which requires that they work in the best interest of clients and legally binds them to find and recommend only products…
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