As consumers become more willing participants in high-cost and nontraditional mortgage transactions, a “suitability and accountability standard” may be just what regulators need to force lenders to draw the line on unsuitable mortgages. Panelists at a public hearing hosted by the Federal Reserve Bank of Philadelphia on June 9 generally agreed that consumer education, financial literacy, and raising consumer awareness of the mortgage broker’s role in the mortgage process are vital defenses against abusive lending.…